Vantage Raises an Additional $675 Million in Debt and Equity Financing

Feb 14, 2019 | Posted by admin

Vantage has raised $675 million for expansion projects in the United States. The company also raised $225 million in December.  That's a lot of capital, however the company has many projects in the works, including:
  • Acquired 4Degrees and entered the Montreal market in December
  • Building a second campus in Santa Clara
  • Entered the Phoenix Market with a 50-acre land purchase (New 160 MW Campus)
  • Building in Ashburn (New 108 MW Campus)
SANTA CLARA, CA (Feb. 14, 2019) – Vantage Data Centers, a leading provider of wholesale data centers in support of business and mission-critical applications, today announced that it has raised more than $180 million in equity capital from existing investors and approximately $495 million in debt financing. Both funding sources will help finance various growth initiatives, including the 4Degrees Colocation acquisition that closed in January and the build-out of the first data center on the company’s second campus in Santa Clara.

“The capital we raised over the last 90 days will help fund the explosive growth we’re experiencing and anticipate seeing throughout 2019 and beyond,” said Sharif Metwalli, CFO, Vantage Data Centers. “We have been executing on our growth and development and are well prepared to continue our current trajectory. This capital accelerates the funding of our long-term strategic plan.”

Vantage has moved aggressively to increase its footprint to become a leading North American wholesale data center provider. The acquisition of 4Degrees Colocation expanded Vantage’s footprint into Montreal and Quebec City, Canada, while the purchase of 50 acres of land in metro Phoenix will be home to a 160MW data center campus.

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