Blackstone and QTS Enter Into $1.28 Billion Construction Term Loan Facility
10.03.22
This is only gets display when printing
The Firm recently represented Blackstone and QTS in connection with their entry into a construction term loan facility with an aggregate principal amount of approximately $1.28 billion. The proceeds of the construction term loan facility will be used to support the design and construction of a new state-of-the-art data center campus. Sumitomo Mitsui Banking Corporation acted as coordinating lead arranger, book runner and administrative agent.
The Firm previously represented Blackstone in connection with its $10 billion acquisition of QTS in 2021.
The Simpson Thacher team included Scott Kobak, Whitney Salinas and Sam Rudik (Real Estate); Amy Beller (Energy and Infrastructure); and Nancy Mehlman and Jodi Schneider (Tax).