Vantage Data Centers, a leading global provider of hyperscale data center campuses, announced it has secured $5 billion in incremental green loan financings to meet continued demand. The capital includes a $2.25 billion financing to fully fund construction of the company’s New Albany, Ohio, campus and a $2.75 billion upsizing of an existing $3 billion 2024 borrowing base loan. These transactions combined give Vantage a total of $8 billion for the ongoing expansion of its North America platform.

Innovative Rated Construction Financing

Vantage has raised $2.25 billion in debt financing to fund the full development of its New Albany, Ohio, campus. Located just outside Columbus, this 70-acre campus will house three pre-leased hyperscale data centers with 192MW across 1.5 million square feet. The first facility is slated to be operational by December 2025.

Led by Mitsubishi UFJ Financial Group, Inc. (MUFG) and Societe Generale, the transaction represents one of the first construction loans in the data center industry to have achieved private investment-grade ratings by two leading rating agencies.

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Increased Corporate Facility

Separately, Vantage upsized its existing $3 billion green loan corporate credit facility by an additional $2.75 billion, increasing the total to $5.75 billion. The financing will support the development of data centers and land acquisitions for future growth in North America.

The transaction continues Vantage’s long-standing relationships with top-tier financial institutions. The expanded facility was arranged by a bank syndicate led by structuring bank Wells Fargo Securities, LLC along with joint bookrunners TD Securities, Truist Securities, Inc. and Scotiabank.

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“As the need for digital infrastructure continues to accelerate, Vantage remains focused on raising capital to support the rapid expansion of our North America platform,” said Rich Cosgray, senior vice president, global capital markets at Vantage. “These financings demonstrate our ability to secure sustainable and innovative funding vehicles to meet market demand and serve our customers with scalable solutions that ultimately increase our speed to market.”

Both financing deals were secured under Vantage’s Green Finance Framework, reinforcing the company’s commitment to the sustainable development, delivery and operation of its data centers. This strong financial backing positions Vantage to meet customer demand at scale across multiple markets in support of the digital economy.

White & Case served as legal advisor to Vantage on both transactions.

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Source – Businesswire