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Data Centre Developer Sues New Jersey Town for $300m

Data centre developer Hexa Builders is seeking $300 million in damages from Monroe Township, New Jersey, after officials rejected its proposed 1 million sq ft data centre in May. The lawsuit, filed...

Data centre developer Hexa Builders is seeking $300 million in damages from Monroe Township, New Jersey, after officials rejected its proposed 1 million sq ft data centre in May. The lawsuit, filed in New Jersey Superior Court, alleges the township council and planning board violated multiple constitutional rights, including zoning authority, fundamental fairness, and First and Fourteenth Amendment protections. Hexa argues the application was rejected because of the township’s opposition to d...

August 01, 2026

Posted by: Abdul-Rahman Oladimeji

New Jersey

Read Colony Capital and Vantage Data Centers to Form Strategic Partnership to Advance Data Center Growth
Colony Capital and Vantage Data Centers to Form Strategic Partnership to Advance Data Center Growth
July 08, 2020

Colony Capital and Vantage Data Centers to Form Strategic Partnership to Advance Data Center Growth

Vantage Data Centers

Vantage has announced that Colony Capital will invest $1.2 billion into Vantage. This is on top of the $800 million it raised in February 2020 and $692 million it raised in 2019. A massive war chest to fund Vantage's aggressive expansion into Europe. Earlier this year the company announced it ...

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Read Equinix Prices Offering Of $2.6 Billion Senior Notes (PR)
Equinix Prices Offering Of $2.6 Billion Senior Notes (PR)
June 08, 2020

Equinix Prices Offering Of $2.6 Billion Senior Notes (PR)

Equinix

REDWOOD CITY, Calif /PRNewswire/ -- Equinix, Inc. ("Equinix") (Nasdaq: EQIX), the global interconnection and data center company, announced the pricing of its underwritten public offering of $2.6 billion aggregate principal amount of senior notes, consisting of $500,000,000 of 1.250% Senior No...

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Read Verne Global Secures $27M in Funding to Expand Icelandic Data Center Campus
Verne Global Secures $27M in Funding to Expand Icelandic Data Center Campus
June 03, 2020

Verne Global Secures $27M in Funding to Expand Icelandic Data Center Campus

Verne: IS-KEF-DC01

London, UK, – Verne Global, a provider of advanced data center solutions for high performance computing (HPC), today announced a new round of funding of $27M to expand its Icelandic data center campus. All current investors – the Wellcome Trust, Novator Partners, Stefnir and General Catalyst ...

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Read EdgeMicro raises $5 million from DH Capital (PR)
EdgeMicro raises $5 million from DH Capital (PR)
May 12, 2020

EdgeMicro raises $5 million from DH Capital (PR)

EdgeMicro

Denver, Colo. – EdgeMicro, a leading edge colocation company, lands $5 million to accelerate its expansion. DH Capital, LLC, an investment banking firm serving companies in the internet infrastructure, communications, and software sectors, served as EdgeMicro’s financial advisor. “We are plea...

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Read Aligned Increases Facility to $575 Million (PR)
Aligned Increases Facility to $575 Million (PR)
May 11, 2020

Aligned Increases Facility to $575 Million (PR)

Aligned

DALLAS – Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces it has increased its secured credit facility to $575 million as the company experiences conti...

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Read Internap Emerges from Bankruptcy
Internap Emerges from Bankruptcy
May 11, 2020

Internap Emerges from Bankruptcy

HorizonIQ

Internap (INAP) has completed a financial restructuring and emerged from bankruptcy. On March 16, Internap filed for Chapter 11 bankruptcy to strengthen its capital structure. INAP negotiated a “prepackaged” bankruptcy with its lenders: Completed the reorganization in just seven weeks It emerg...

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Read CoreSite raises $150 million in debt offering
CoreSite raises $150 million in debt offering
May 06, 2020

CoreSite raises $150 million in debt offering

CoreSite

CoreSite has raised $150M in a debt offering, via a private placement to accredited investors. According to CoreSite, the 3.75 percent Senior Notes are due in 2027. The company said the proceeds of the financing will go to refinance existing debt and for general corporate purposes. 

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Read Sabey Data Centers Successfully Issues $800M in Securitized Notes (PR)
Sabey Data Centers Successfully Issues $800M in Securitized Notes (PR)
April 30, 2020

Sabey Data Centers Successfully Issues $800M in Securitized Notes (PR)

Sabey Data Centers

Sabey Data Centers, one of the largest privately-owned multi-tenant data center owner/developer/operators in the United States, announced today that it has completed a major financing by successfully completing its inaugural issuance of $800 million in securitized notes. Structured by Guggenhe...

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Read NEXTDC raised $408 million (USD) and announced Sydney expansion
NEXTDC raised $408 million (USD) and announced Sydney expansion
April 02, 2020

NEXTDC raised $408 million (USD) and announced Sydney expansion

NEXTDC

NEXTDC, The Australia-based data centre operator, completed a $408 million USD ($672 million AUD) in institutional placement and announced plans to accelerate the development of its S3 Sydney data center. The first phase will be 12 MW and is expected to be completed by the first half of fiscal...

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Read CyrusOne amends $2.5 Billion Credit Facility
CyrusOne amends $2.5 Billion Credit Facility
April 01, 2020

CyrusOne amends $2.5 Billion Credit Facility

CyrusOne

The amended agreement consists of a $1.4B revolving credit facility, which includes a $750M multi-currency borrowing sub-limit, and term loan commitments totaling $1.1B.The credit agreement also contains an option which allows CyrusOne to obtain up to $1.5 billion in additional revolving or te...

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Read TierPoint Raises $320 Million from Consortium of Investors (PR)
TierPoint Raises $320 Million from Consortium of Investors (PR)
March 24, 2020

TierPoint Raises $320 Million from Consortium of Investors (PR)

TierPoint

ST. LOUIS – TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, announced it has reached an agreement that will result in new, preferred equity investments totaling $320 million, which the company expects to be closed and funded by m...

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Read GI Partners Invests in DR Fortress (PR)
GI Partners Invests in DR Fortress (PR)
January 16, 2020

GI Partners Invests in DR Fortress (PR)

DRFortress

/PRNewswire/ -- GI Partners, a leading private investment firm, announced the acquisition of a majority interest in DR Fortress, LLC, in partnership with the company's management team, including President Fred Rodi and CFO Rosa White, both co-founders. Founded in 2001 and headquartered in Hono...

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Read DataBank Announces $185 Million Equity Investment from Colony Capital (PR
DataBank Announces $185 Million Equity Investment from Colony Capital (PR
January 06, 2020

DataBank Announces $185 Million Equity Investment from Colony Capital (PR

DataBank

DALLAS, Jan. 6, 2020 /PRNewswire/ -- DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existi...

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Read STACK INFRASTRUCTURE Expands Securitization by $225 million to Fund Growth
STACK INFRASTRUCTURE Expands Securitization by $225 million to Fund Growth
November 22, 2019

STACK INFRASTRUCTURE Expands Securitization by $225 million to Fund Growth

STACK INFRASTRUCTURE

Long-Term, Low-Cost, Investment-Grade Facility Provides  Additional Capital to Drive Market and Client Expansion  DENVER, CO – NOVEMBER 22, 2019 – STACK INFRASTRUCTURE (“STACK” or the “Company”), the data center company built from the ground up to address the technology infrastructure needs of...

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Read Aligned Energy Secures $495 Million Facility to Support Expansion Plans (PR)
Aligned Energy Secures $495 Million Facility to Support Expansion Plans (PR)
October 22, 2019

Aligned Energy Secures $495 Million Facility to Support Expansion Plans (PR)

Aligned

DALLAS – Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced today it has completed a $495 million secured credit facility with investors including...

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Read Keppel DC REIT acquires two data centers and raises equiity (PR)
Keppel DC REIT acquires two data centers and raises equiity (PR)
September 16, 2019

Keppel DC REIT acquires two data centers and raises equiity (PR)

1-Net North Data Centre

Keppel DC REIT announces two data centre acquisitions in Singapore and launches equity fund raising DPU-accretive acquisitions will strengthen Keppel DC REIT's portfolio and increase assets under management significantly by 30.7% to $2.58 billion Proposed acquisitions will be funded by a comb...

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Read eStruxture receives $145 million in fresh funding from CDPQ and Fengate
eStruxture receives $145 million in fresh funding from CDPQ and Fengate
August 05, 2019

eStruxture receives $145 million in fresh funding from CDPQ and Fengate

eStruxture

eStruxture now has fresh funding to continue its expansion. The company has already announced the acquisition of the Shaw data center in Calgary. Let's see what's next.  Links: CDPQ Press Release Yahoo Finance Article Infrastructure Investor article

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Read DigiPlex Issues Largest-Ever Data Centre Bond in the Nordic High Yield Market of NOK 1.80 Billion (USD c.210 Million) to Gear up for Rapid Growth (PR)
DigiPlex Issues Largest-Ever Data Centre Bond in the Nordic High Yield Market of NOK 1.80 Billion (USD c.210 Million) to Gear up for Rapid Growth (PR)
April 30, 2019

DigiPlex Issues Largest-Ever Data Centre Bond in the Nordic High Yield Market of NOK 1.80 Billion (USD c.210 Million) to Gear up for Rapid Growth (PR)

DigiPlex Norway AS

OSLO, Norway, April 30, 2019 /PRNewswire/ -- DigiPlex, the Nordic leader for innovative, sustainable and secure data centres, has successfully issued a NOK 1.80 billion senior secured bond to gear up for continued rapid growth. This bond will be one of the largest single issues in NOK to ever ...

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Read CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)
CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)
April 12, 2019

CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)

CyrusOne

DALLAS--(BUSINESS WIRE)--Apr. 12, 2019-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced that it has sold approximately 5.7 million American depository shares (“ADSs”) of GDS Holdings Limited (“GDS”) (NASDAQ: GDS) for a total purchase price of approximately $20...

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Read AirTrunk Closes $332 million in funding to build Singapore data centre
AirTrunk Closes $332 million in funding to build Singapore data centre
April 10, 2019

AirTrunk Closes $332 million in funding to build Singapore data centre

AirTrunk Singapore SGP1

AirTrunk has announces that it has received US$332 million (S$450 million) debt financing from three global financial institutions; Deutsche Bank, Goldman Sachs, and Natixis. Additional equity capital was also raised from its founder and CEO, Robin Khuda, and shareholders, Goldman Sachs and TP...

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