Vantage’s $1.125 Billion Secured Data Center Revenue Notes Offering

Simpson Thacher represented special purpose subsidiaries of Vantage Data Centers, LLC in connection with an offering of $1.125 billion of aggregate principal amount of Series 2018-1 Secured Data Center Revenue Notes, consisting of up to $225 million of aggregate principal amount of Series 2018-1 Class A-1 Secured Data Center Revenue Variable Funding Notes and $900 million of aggregate principal amount of Series 2018-1 Class A-2 Secured Data Center Revenue Term Notes.

This is the first securitization financing completed in the data center industry.

Vantage operates large scale, wholesale data center facilities and is a leader in highly scalable, flexible and efficient data center solutions. The company, led by Sureel A. Choksi, Henry R. Nothhaft and David C. Renner, is based in Santa Clara.

The Simpson Thacher team included John Schueller (Picture), Grady Chang and Susan Wang (Capital Markets); Janet Nadile (Collateral); John Creed, Jonathan Cantor and Sarah Katz (Tax); Larry Moss and Stephan Bradley (ERISA); Krista McManus and Dennis Loiacono (Real Estate); Kyle Spies (Banking and Credit) and Michael Isby (Environmental).

 

Involved fees earner: John Schueller – Simpson Thacher & Bartlett; Grady Chang – Simpson Thacher & Bartlett; Susan Wang – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Janet Nadile – Simpson Thacher & Bartlett; Kyle Spies – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Vantage Data Centers LLC;

 

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Author: Ambrogio Visconti