Sabey Data Centers: Sabey Has Plans For $250m Revenue Notes

Jun 30, 2022 | Posted by Abdul-Rahman Oladimeji

Sabey Data Centers is about to issue revenue notes to the tune of $250m. According to Asset Securitization, the company will issue the notes to securitize real estate and tenant lease payments on six of its hyperscale data center campuses across Washington, Virginia, and New York. S&P will assign an A+ rating to the revenue's $175m A-2 note portion. It will also rate the $75m B-note portion BBB. 

Midland Loan Services is responsible for servicing the notes, while Guggenheim Securities acted as the sole bookrunning manager and structuring advisor. Sabey Data Centers currently operates six data centers across the United States. These facilities are located in Seattle and East Wenatchee, Washington; Austin, Texas; Quincy; New York; and Ashburn, Virginia.

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