Vantage Completes $1.125 Billion Secured Data Center Revenue Notes Issuance
02.27.18
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The Firm represented special purpose subsidiaries of Vantage Data Centers, LLC in connection with an offering of $1.125 billion of aggregate principal amount of Series 2018-1 Secured Data Center Revenue Notes, consisting of up to $225 million of aggregate principal amount of Series 2018-1 Class A-1 Secured Data Center Revenue Variable Funding Notes and $900 million of aggregate principal amount of Series 2018-1 Class A-2 Secured Data Center Revenue Term Notes. This is the first securitization financing completed in the data center industry.
Vantage operates large scale, wholesale data center facilities and is a leader in highly scalable, flexible and efficient data center solutions.
The Simpson Thacher team included John Schueller, Grady Chang and Susan Wang (Capital Markets); Janet Nadile (Collateral); John Creed, Jonathan Cantor and Sarah Katz (Tax); Larry Moss and Stephan Bradley (ERISA); Krista McManus and Dennis Loiacono (Real Estate); Kyle Spies (Banking and Credit) and Michael Isby (Environmental).