Wholesale data center services provider Vantage Data Centers closed on a $225 million debt financing for growth and expansion plans in its three markets: Northern Virginia, Silicon Valley and Quincy, Wash.
Vantage has seven operational data center facilities, and two additional facilities under construction. The company provides flexible data center solutions to hyperscale cloud and enterprise customers. The company said in a statement that it will use the funds in a structured debt financing designed to accelerate growth in its three markets.
“As the market opportunity continues to accelerate, Vantage has explored both new and traditional financing options to support our growth strategy, and we’ve been pleased with the response from the investment community,” Sharif Metwalli, Vantage’s CFO said in a statement. “This transaction provides us with additional dry powder to finance our growth in existing and new markets, meeting our hyperscale, cloud and enterprise customers where they need the wholesale, sustainable facilities we provide.”
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