Data Center News

AdaniConneX gets $213 mn capital for data center assets

AdaniConneX

AdaniConneX, an equal partnership between data center provider EdgeConneX with ports-to-power conglomerate Adani Enterprises Ltd, announced on Friday that it had secured a $213 million senior debt facility with input from international banks to fund its 67 MW of under-construction data center...

Telehouse, a subsidiary of KDDI, buys Allied Properties' data center holdings for $1 billion

Telehouse

Telehouse has entered the Canadian market with the acquisition of three data centers. KDDI, the parent company of the data center company, announced this week that it had acquired three data centers and the associated assets in Toronto, Canada, from Allied Properties REIT. KDDI paid $1.02 bil...

Macquarie Technology Group is attempting to raise $88 million for a new data facility

Macquarie Infrastructure Partners (MIP)

Macquarie Technology Group is raising 88 million dollars to finance its Sydney data center. The company is raising capital through a non-underwritten institutional placement to increase its liquidity and free float. The business offers 2.22 million additional fully paid shares at $39.61 per sh...

Iron Mountain and Web Werks invest $170m in Navi Mumbai data facility

Web Werks

Web Werks and Iron Mountain plan to invest 170 million dollars in a data facility in Navi Mumbai, India. The envisioned facility, Mumbai-3, will have a 32MW capacity and be constructed to Tier III specifications. The JV already owns a five-acre parcel to develop the data center, which is antic...

Verne Global receives $100m loan

Verne: IS-KEF-DC01

Verne Global, an Icelandic data center company, received a $100 million loan. This week, the board of directors of Digital 9 Infrastructure announced that the business had inked a new $100 million green term loan debt financing for Verne Global Iceland, along with a $50 million accordion provi...

Nvidia's Shares Jumps 20% on Massive Data Center Revenues

In extended trading last Wednesday, Nvidia shares surged significantly after the company surpassed analysts' revenue estimates and reported record data center sales. The Santa Clara, California-based semiconductor manufacturer reported a 19% increase in first-quarter revenue compared to the pr...

QTS Realty Secures a $800m Data Center Refinancing Contract

QTS Data Centers

QTS Realty, owned by Blackstone, has refinanced four data center properties. Citigroup leads a consortium of four institutions that provided the loan. It will be used to refinance QTS' existing $667 million debt and provide the funds necessary to finance tenant build-outs.The refinancing is gi...

Manulife Inve Management Buys a Majority Stake in Serverfarm

ServerFarm Realty

Manulife Investment Management (Manulife IM) bought the majority of Serverfarm's shares. This week, the investment firm announced that, on behalf of Manulife Infrastructure Fund II and its affiliates, it had signed an official contract to acquire a controlling stake in Serverfarm.The terms of ...

Itel Invests $20 million in Etix Everywhere JV in Bangkok

Etix Everywhere

Interlink Telecom (Itel) of Thailand has declared its intention to invest in its data center partnership with Etix Everywhere. In conjunction with Australian firm Edge Centres, the company has also recently debuted an Edge facility. The Bangkok Post reports that Intel revealed plans to invest ...

Grain Management is Attempting to Raise $4b For its Fourth Opportunity Vehicle

Grain Management, a telecoms investment firm, intends to raise billions of dollars for its forthcoming investment fund. According to the WSJ, Grain is seeking $4 billion for its fourth primary fund to support expenditures on infrastructure in the telecommunications industry. In line with docum...

Cyxtera Receives $50m Lifeline, Satisfies Debts, And Must Sell or Raise Capital

Cyxtera Technologies

A shaky US colocation provider has settled its debts with creditors. The business must find a buyer or investor to continue funding or go bankrupt and cede control to its owners. The company obtained $50 million in new funding from lenders holding over two-thirds of its existing term loan to s...

AMD's Revenue Declines as PC CPU Sales Plummet And The Data Center Market stalls

AMD's revenues decreased year-over-year as sales of client CPUs dropped dramatically. Sales for its data center division stalled due to the general business slowdown. Overall, annual revenue was down 9.2 percent to $5.4 billion. Client CPUs, or consumer PCs, saw their revenue decline by 65 per...

Empyrion DC Raises Funds For Gangnam Data Center Building

Empyrion Digital

The intended construction of Empyrion DC's Gangnam Data Center (GDC) has been financed by three South Korean financial institutions. KEB Hana Bank, Hana Capital Co Ltd, along with the National Credit Union Federation of Korea will provide the loan, which KEB Hana Bank and Hyundai Asset Managem...

CyrusOne Data Centers is Getting Ready to Issue CMBS Worth $701 million

CyrusOne

Asset-backed securities totaling $701 million will be backed by real estate and tenant contracts for space and electrical capacity in five finished and operational data centers in Texas and Virginia. According to a pre-sale assessment from S&P Global Ratings, the CyrusOne Data Centers, 202...

Cologix Concludes a $144.7 Million Asset Securitization Deal

Cologix

Asset-backed securities worth $144.7 million have been closed by Cologix. Through a private placement transaction that was completed on April 5, the North American and Canadian hyperscale Edge data center and network-neutral links provider made a deal with secured notes. Cologix's chief financ...

Global Data Centre Capex limbed to $241bn in 2022

According to recent research from Dell'Oro Group, global data center capital expenditures increased by 15% in 2022 to $241 billion. In 2023, however, Dell'Oro company predicts cloud and enterprise data center investment growth to slow to single digits. Another focus of the 4Q 2022 Data Center ...

Stack Raises $250m From securitized Notes

STACK INFRASTRUCTURE

The data center company Stack has completed its most recent structured debt fundraising round. The company revealed the sale of $250 million in securitized notes last week. The price of the notes is a 5.900 percent fixed rate coupon. The firm said it has now raised $2.1 billion in notes thr...

Ascenty Raises $1 Billion For Brazilian Operations

Ascenty

Ascenty, a data center company in South America, has gotten more than $1 billion in funding. The corporation, which is owned by Digital Realty, disclosed that it had obtained two instruments: an offshore term credit facilities and a local capital market debenture issuance. Ita, Natixis, Scotia...

Stack Infrastructure Will Raise $250 Million to Expand Its Data Center

STACK INFRASTRUCTURE

Stack Infrastructure plans to seek $250 million for data center expansion. The Stack Infrastructure Issuer will provide the funding, 2023-1, through the securitization of income connected to lease obligations and electrical capacity at 8 wholesale data centers in seven U.S. states. S&P Glo...

Maincubes, a German Operator, Obtains a €1 Billion Funding Facility

maincubes one GmbH

The German data center company Maincubes has received debt funding in excess of $1.07 billion. The firm stated this week that it had inked a new $1.1 billion scalable financing facility, including $730 million in committed facilities and an additional $373 million in uncommitted accordion c...