Vantage increases $ 820 million in the Cloud and Ai Data Center deal in Europe

The American Data Center Vantage 720 million euros (821.4 million dollars) collected – the first deal of its kind in Europe.

The asset backed supply deal (ABS), the first to be ever, with the origins of the data center on the continent, includes four data centers in Germany.

The company said it will pay an average voucher by 4.3 % on the bonds issued through the process.

In ABS, Vantage collects money using the infrastructure of the data center and future revenue from the facilities as a guarantee.

Vantage said it will mainly use the money to pay the currently guaranteed current building loans.

“We believe that the ABS market in particular is a kind of most suitable for our asset type, a real estate concentration, high -quality credit quality tenants, long -term rental contracts, which is almost ideal for the ABS,” Sherif Midoli, Financial Director of Data Centers, told CNBC.

Vantage added that, despite the large amount of borrowed, the demand for investors exceeded the amount that was collected.

“So in reality this deal was actually a crane, frankly, frankly,” said Rich Kosjry, the first Vice Capital Capital Market at Vantage CNBC. “It was a crane higher than our previous transactions and we had some investors who were not comfortable with this leverage level.”

“However, though, we were basically twice and four times in the human being on the funding concerned, and we were able to tighten pricing significantly through the marketing process,” added Cosgray.

The company said in a statement that the four facilities – two in Berlin and two in Frankfurt – can reach about 55 megawatts of power and “completely rented to customers.” The value of the four facilities reached more than one billion dollars earlier this year.

Last year, Vantage collected 600 million pounds through the first ever swordd by a data center in Europe, the Middle East and Asia (EMEA). The deal included two units of the Cardiff campus for the company with 148 megawatts of electrical energy. Throughout the region, the company owns 2500 megawatts of the data center capacity either operating or under development.

The deal was led by Barclays Bank and Deutsche Bank as major managers and representatives at the British Lawyer Clated Chance.