Data Center News

Chirisa obtains a $200 million loan to outfit a CoreWeave data facility in Virginia

Virginia

Chirisa Investments has secured financing for constructing a data center in Chester, Virginia. Chirisa received $200 million in construction funding to build CoreWeave's 242,000-square-foot turnkey data center, according to Commercial Observer. According to CO sources, an undisclosed Brookfiel...

KKR is to pay $807 million for a stake in SingTel's regional data centre operation

Asia-Pacific (APAC)

On Monday, SingTel announced that KKR will buy a 20% share in its regional data center business for $806.87 million. SingTel and KKR said in a joint statement that the agreement values SingTel's regional data center business at $4.03 billion and will be utilized to develop in Southeast Asian c...

EdgeConneX Gets $403.8Million to Develop its Jakarta Data Centers

EdgeConneX

EdgeConneX, a provider of Hyperscale Data Center Solutions, revealed a $ 403,8 million contract in Sustainability-Linked Senior Facilities to expedite its growth strategy and green initiatives for its Jakarta, Indonesia, data center footprint. This transaction, according to EdgeConneX, will in...

Vantage Data Centers EMEA receives $1.6 bn from AustralianSuper

Vantage Data Centers

AustralianSuper has made an investment in Vantage Data Centers' EMEA operations. Last week, the company announced it would invest $1.6 billion to acquire a "significant minority stake" in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA), backed by DigitalBridge. The pension ...

Belgian data center company KevlinX receives investment from Macquarie

Macquarie Data Centres

Macquarie has made an investment in a Belgian data center developer. Allen & Overy announced this week that it advised Macquarie Capital on its investment in KevlinX Holding B.V. Allen & Overy reported that KevlinX HoldCo is creating a data center in Brussels via its indirect subsidiar...

Arm might be worth up to $52 billion after its IPO

1025Connect

Arm intends to price its initial public offering (IPO) between $47 and $51 per share, which could generate up to $4.9 billion for SoftBank. The IPO would value the semiconductor designer up to $52 billion, exceeding the $32 billion SoftBank paid for in 2016 but falling short of the $64 billion...

Switch invests $772m in another Georgia facility outside Atlanta

Switch

Switch is preparing to construct a new data center facility in Bartow County, Georgia. Switch is preparing to build the "Switch KEEP 2.0 Atlanta North Campus" in Cartersville, according to the Developments of Regional Impact filings (DRI, 1-2).The 126-acre site is located in Cartersville, sout...

DataQube, a UK Edge data center firm, enters insolvency

United Kingdom

Edge data center company DataQube Global Ltd of the United Kingdom has declared bankruptcy. Creditors convened today, August 29th, to deliberate a nomination of liquidators and, if necessary, appoint a liquidation committee. DataQube reps did not acknowledge requests for comment regarding the ...

Bain to privatize ChinData in a $3.16 billion transaction

Chindata Group

ChinData, a Chinese data center operator, will be taken private by existing investor Bain Capital. ChinData Group Holdings Limited revealed over the weekend that it had gone into a $3.16 billion merger deal with two Bain subsidiaries that will be taken private: BCPE Chivalry Bidco Limited and ...

Stack Infrastructure intends to raise $100 million in secured notes

STACK INFRASTRUCTURE

Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24.The notes have received an A-2 rating from S&P Global. This is presently s...

Digicel founder relinquishes majority stake in debt restructuring

Digicel, a pan-Caribbean telecommunications company, has settled with its bondholders to cancel nearly $1.7 billion in debt as a trade for a majority stake in the company. A restructuring agreement has been reached in which bondholders will convert their investment into an initial 62 percent s...

TierPoint aims to raise $925 million through securitized loans

TierPoint

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...

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: Keflavik Campus

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 ...