RBC Agents $135 Million Credit Facility for Vantage Data Centers
Vantage Data Centers, a pure-play wholesale data center developer, announced it has entered into a $135 million revolving credit facility. Vantage will use the funds for accelerated development of data center campuses in Santa Clara, CA and in Quincy, WA.
The lending group includes Royal Bank of Canada as the administrative agent and KeyBank and Bank of America as co-syndication agents. Barclays Bank, Raymond James Bank and UBS Loan Finance were participants.
“Despite global economic uncertainty our lenders have demonstrated confidence in our business, our commitment to becoming the world’s leading pure-play wholesale data center company and the vision we have crafted with our investors, our employees and our customers,” said Jim Trout, chief executive officer of Vantage Data Centers.
Vantage Data Centers announced completion and leasing of its first Santa Clara data center (V3) in early 2011, followed by rapid lease-up and construction of the industry’s first vertically scalable wholesale data center (V2) in September 2011. V2 has recently been commissioned with an industry leading Power Usage Effectiveness (PUE) of 1.12, making it one of the world’s most energy-efficient data centers.
Vantage’s Quincy, WA campus is being developed in several phases, starting with a 6MW state-of-the-art, enterprise class data center, scalable to 9MW. This facility will be the first data center to be built on the 63-acre campus.