Data Center News

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...

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 Man...

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 fi...

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...

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...

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...

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...

Lonestar Data Holdings Secures $5M For Moon-based Data Centers

United States

Lonestar Data Holdings has successfully completed a $5 million seed round. The funding was provided by Scout Ventures, Seldor Capital, The Veteran Fund, Atypical Ventures, Irongate Capital, 2 Future Holding, and KittyHawk Ventures. The startup intends to deploy small data centers on the Moon. ...

Keppel DC REIT Receives Credit Facilities Totaling $73 million

Keppel Data Center REIT

The DC REIT group of Keppel has received a new credit facility of over $70 million, guaranteed by the financial services firm Perpetual. Keppel DC REIT Fin. Company Pte. Ltd., a wholly-owned subsidiary of Keppel DC REIT, has procured the Loan Facility guaranteed by Perpetual Ltd (Asia) in its ...

Etix Everywhere Receives $47M Investment From Eurazeo

Etix Everywhere

Data center company Etix Everywhere has received a $46.8 million investment from European private equity firm Eurazo. The funding was obtained by Etix Everywhere's French division through Eurazo's infrastructure strategy, according to a report this week from Global Data Centre Group...

DataBank Secures $715m For Data Center Development

DataBank

DataBank is collecting $715 million on the market for asset-backed securities (ABS) to develop its data center infrastructure. Kroll Bond Rating Agency has disclosed in a pre-sale report information on the financing. The deal's issuer and co-issuer are represented by DataBank Issuer, LLC a...

Harrisonburg Data Facility Receives $44 Million Loan From Valley National Bank

Virginia

A Virginia facility has negotiated a $44 million loan for a data center owner. According to The Commercial Observer, AC DataCom Digital Infrastructure Investments has obtained permanent financing of $43.8 million to construct a data center in Harrisonburg, Virginia. The 100,000-square-foot dat...

Teraco Secures $678m Loan For Expansion

Teraco Data Environments

Teraco, a provider of data centers in South Africa, has been given a $678 million loan. Absa Group, a South African lender, led the loan. The business stated that "many big financial institutions" provided the cash, but did not identify them. Teraco, a subsidiary of Digital Realty, w...

Fort Worth Data Center For Sale Following Bankruptcy

Dallas

Following a bankruptcy filing, a recently converted data center is for auction. This week, Hilco Real Estate declared March 23, 2023, as the deadline for qualifying bids for the Chapter 11 bankruptcy sale of a newly converted flex industrial facility into a data center. Built in 2018 on a 13.7...

GD Towers Secures $53m From Pantheon Infrastructure

GD Towers, a provider of digital infrastructure in Germany and Austria, will receive a  $53 million investment from Pantheon Infrastructure PLC (PINT). The investment was made via a co-investment vehicle administered by DigitalBridge Group Inc. affiliates.  GD Towers has a network of 40,000 si...

Switzerland's Data Center Operator Green Closes $514 Million Refinancing

Green Datacenter AG

Green has announced the closing of a $514 million refinancing. The Swiss data center operator successfully refinanced its existing facilities with a total package of CHF 480 million ($514m) from Swiss and international banks. According to the company, the funds will be used to speed up its ...

Digital Realty Announces $350 Million Note Offering

Digital Realty Trust

Digital Realty has announced that it is offering a $350 million note to the public. In addition, its Digital Core Real Estate Investment Trust (REIT), listed in Singapore, will buy a stake in a Digital Realty-owned data center in Germany. The company noted that it is priced an underwritten ...