STACK Infrastructure, a global developer and operator of data centers, has issued $290 million in securitized notes in what marks its third structured-debt financing of 2023, bringing the total cumulatively raised amount to $2.59 billion.
This raise will support the increasing demand for high-density data center capacity.
“STACK’s continued success in raising capital via the ABS market is evidence that investors recognize the success of our cloud-first approach and cutting-edge capacity in key markets,” said Cameron Parker, vice president, treasurer at STACK Americas. “Our growth strategy is intrinsically aligned with our clients’ goals, ensuring the essential AI-ready capacity they require, while consistently adapting to their evolving needs.”
With a year of historic leasing success and a robust pipeline of future capacity in the Americas, Asia Pacific and EMEA, STACK said it is empowering cloud providers and innovators with flexible, scalable solut