DigitalBridge expands its Vantage SDC platform

DigitalBridge has announced that it has expanded its Vantage Stabilized Data Centers (SDC) platform by acquiring CA22. CA22 is a 24MW hyperscale data center with a focus on serving the Santa Clara, CA Market. The newly acquired facility is located next to Vantage SDC’s CA21 facility. The deal is valued at $539 million. DigitalBridge says it will be funding the acquisition through cash on hand and existing and new Vantage SDC debt facilities.

This is considered a major milestone for Vantage SDC. It is also its first hyperscale data center acquisition since it was formed through a strategic partnership between DigitalBridge and Vantage Data Centers. Vantage Data Centers will manage and operate the CA22 facility. Besides, this will also be Vantage SDC’s 13th hyperscale facility across North America. Its total capacity now runs at 177MW.

DigitalBridge Press Release on October 1, 2021

BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge”), today announced the expansion of the Vantage SDC (Stabilized Data Centers) platform with the acquisition of CA22, a 24MW hyperscale data center serving the strategic Santa Clara, CA market. The transaction is valued at $539 million and will be funded primarily through existing and new Vantage SDC debt facilities and cash on hand.

The CA22 data center facility is located in Vantage Data Center’s CA2 campus next to Vantage SDC’s fully-owned CA21 facility, which serves the supply-constrained Santa Clara market.

The transaction is a significant milestone for Vantage SDC, representing its first hyperscale data center acquisition since its formation in July 2020 through a $3.5 billion strategic partnership between Vantage Data Centers and a DigitalBridge-led investor group. Vantage Data Centers will continue to manage and operate CA22 as part of its global data center footprint, maintaining the same level of superior service for its valued customers. The transaction extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and expands capacity by 14% to 177MW.

“DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centers remains strong,” said Marc Ganzi, President and CEO of DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”

TD Securities acted as Sole Lead Arranger and Bookrunner on a $105 million Term Loan supporting the transaction.