Vantage Data Centers Secures $295 Million in Additional Financing to Fuel Growth
SANTA CLARA, CA – February 9, 2016 – Vantage Data Centers (Vantage), a leading provider of data center solutions in support of mission critical applications, today announced that it has amended and upsized its bank facility from $275 million to $570 million. The financing was significantly over subscribed.
“To close on this oversubscribed, upsized financing with the strong support from our lenders, especially in light of difficult capital markets conditions, is a reflection of Vantage’s strong financial performance and growth prospects,” said Dave Renner, CFO, Vantage Data Centers.
“We continue to experience strong demand for high-end data centers, as evidenced by record leasing levels in 2015. The additional financing enables Vantage to continue to support the growth of our customers through expansion in Santa Clara, including the development of our state-of-the-art V4 facility, Quincy, and potential new markets,” said Sureel Choksi, President and CEO, Vantage Data Centers.
Twelve financial lenders participated in Vantage’s bank facility expansion. The financing was led by RBC Capital Markets as lead arranger, book runner and administrative agent. SunTrust Robinson Humphrey, and Regions Capital Markets both served as joint book runners.
Vantage’s campuses in Santa Clara, California, and Quincy, Washington, include four enterprise-grade data centers with 42MW of operational IT critical load, with expansion potential up to 100MW. Vantage’s highly reliable, energy efficient facilities, coupled with advantageous utility costs, provide customers with significant total cost of ownership advantages.
About Vantage Data Centers
Vantage provides highly scalable, flexible and efficient data center solutions offering unique value through its commitment to exceptional customer service. Operating campuses in Silicon Valley, California, and Quincy, Washington, Vantage delivers data center design solutions engineered to meet our customers’ unique requirements in support of the most demanding large enterprises, technology companies and service providers. Vantage is backed by Silver Lake, the global leader in technology investing, with over $26 billion in combined assets under management and committed capital. Additional information on Vantage is available at www.vantagedatacenters.com.
Steve Lim, Vantage Data Centers
Leslie Cumming, Engage PR
(510) 748-8200, x206