**Vantage Completes First Euro-Based Data Center Securitization**
Vantage Data Centers, headquartered in Denver, has successfully raised €640 million through securitized term notes, marking the first-ever euro-denominated securitization of data center assets in Continental Europe. The deal includes an additional €80 million in unfunded variable funding notes.
The funds will be used to refinance four hyperscale data centers located in Germany—two in Frankfurt and two in Berlin—all of which are fully leased. The financing has a five-year expected repayment term. Additional proceeds from the transaction will be applied to capital expenditures and broader corporate initiatives.
“This issuance of the first euro-denominated ABS in the data center sector marks a significant milestone in digital infrastructure financing,” stated Rich Cosgray, Senior Vice President of Global Capital Markets at Vantage Data Centers. “Having previously issued the first data center ABS in both North America and EMEA (in sterling), Vantage continues to demonstrate our innovative approach to capital markets and our ability to unlock new funding vehicles to support global growth.”
The transaction was led by Barclays and Deutsche Bank as active joint lead managers. ING and Natixis served as joint lead managers, while ABN Amro, Banco De Sabadell, SMBC, and Societe Generale acted as co-managers. Vantage was represented by the law firm Clifford Chance LLP.
*Pictured: A Vantage Data Center campus in Berlin.*
