Vantage Data Centers raises $1.1bn to fund two US construction projects
US-based Vantage Data Centers has raised $1.125bn in securitisation financing in the aim of accelerating its expansion initiatives with the construction of two data centre campuses in Santa Clara and Northern Virginia.
The firm has revealed that it will now have $500mn to spend on this expansion programme when combined with equity commitments from the company’s sponsors and the refinancing of its credit facility.
“Vantage continues to lead the way with the data centre’s first ever securitization financing,” said Sureel Choksi, Vantage’s President and CEO.
“We were thrilled with the strong response from investors for this offering, which we believe speaks both to the high quality and growth prospects of Vantage’s business. Vantage now has over $500 million in available funding to finance growth in existing markets and accelerate new market expansion.”
Vantage Data Centres currently owns six facilities in California, one Quincy, Washington and the others in Santa Clara, with the two new campuses set to add to this portfolio.
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Vice President at CGI
Sunil has over 20 years of experience in consulting and helping energy and oil and gas clients transform into digital and sustainability leaders. He has also helped organisations across the energy, oil and gas, chemicals, renewables, and manufacturing industries realise business value from their investments using cloud, artificial/augmented intelligence, data science, internet of things, industry 4.0, robotic process automation, cybersecurity, and hyper-automation.
He has substantial experience in the information technology industry gained working at IBM Global Business Services, KPMG Management Consulting, Sapient, and Infosys.
Chief Information Officer at Department of the Air Force
Lauren Barrett Knausenberger is the Chief Information Officer for the Department of the Air Force, including the U.S. Air Force and U.S. Space Force. She leads two directorates and supports 20,000 cyber operations, and supports personnel around the globe with a portfolio valued at $17 billion.
She provides oversight of the Air Force’s Information Technology portfolio, including the Information Technology investment strategy from networks to cloud computing, Enterprise policies, information resources management, IT innovation initiatives, information assurance, and related matters for the Department of the Air Force.
CEO at Colt Technology Services
Appointed CEO in May 2020, Keri is responsible for executing Colt’s strategy, which centres around transforming the way the world works through the power of connectivity. Before becoming CEO, Keri was Colt’s Chief Commercial Officer (CCO), leading global teams across sales, presales and marketing. Passionate about promoting Inclusion and Diversity, she also leads Colt’s Diversity Council to ensure Colt is a business where everyone feels they can bring their true selves to work. We look forward to hearing her insights.
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