**Vantage Data Centers Secures $735M Refinancing for Goodyear Campus**
Wells Fargo, Citibank, and Goldman Sachs have originated a $723 million fixed-rate note to refinance a portfolio of three data centers in Goodyear, Arizona. The refinancing effort is sponsored by Vantage Data Centers.
According to industry sources, the new financing will replace a $560 million existing loan. Of the total proceeds, up to $10.5 million will be allocated to cover estimated closing costs, while approximately $164.5 million in equity will be returned to Vantage.
The refinancing is backed by three state-of-the-art data centers totaling 495,654 square feet and delivering 64 megawatts of capacity. These facilities, which became operational between 2023 and 2024, feature modern infrastructure including office space, secure storage, diverse utility power feeds, computer room air handling units, and closed-loop chilled water systems. Electricity is supplied by Arizona Public Service Co.
The data centers are part of Vantage’s Phoenix campus, known as AZ1. Situated on a 50-acre property, the campus houses five facilities and is ultimately designed to support up to 176 megawatts of power capacity.
This refinancing marks another milestone in Vantage Data Centers’ continued investment and expansion in one of the nation’s top emerging data center markets.
