eStruxture Data Centers, a portfolio company of Fengate Asset Management, has secured C$1.35 billion ($981 million) in new financing to accelerate the development of data centers across Canada. The financing includes C$750 million ($545 million) in asset-backed securities (ABS), making it the first rated, Canadian asset-only securitization in the data center sector.
The financing package, which also includes a DevCo Revolving Credit Facility of up to C$600 million ($436 million) of bank financing, will fund eStruxture’s expansion as demand for data storage continues to soar.
“This is a major milestone for Canadian digital infrastructure financing and demonstrates the credit quality, scale and growth trajectory of eStruxture — the largest Canadian data center platform — and the eStruxture management team’s expertise,” said George Theodoropoulos, managing partner at Fengate. “The tidal wave of data being generated by artificial intelligence and cloud comput
