Vantage Data Centers, a global provider of hyperscale data center campuses, has secured a $2.4 billion debt facility from funds managed by Ares Management Corp. Ares holds approximately $1.6 billion of the commitment and funded approximately $330 million at closing.
The new facility will be used to refinance existing debt and support the development, construction and operation of data centers across Vantage’s North America portfolio — one of the largest, most diversified data center platforms in North America. The portfolio is composed of 17 campuses reflecting a combined 4 gigawatts of IT load capacity, supporting primarily cloud as well as artificial intelligence (AI) technologies across key markets.
“We appreciate Ares’ support as we continue to reinforce Vantage’s leadership in the development of global, large-scale digital infrastructure,” said Rich Cosgray, senior vice president, global capital markets at Vantage.
