STACK INFRASTRUCTURE: Stack Infrastructure concludes its second $250 million debt financing of 2023

Aug 02, 2023 | Posted by Abdul-Rahman Oladimeji

$250 million in securitized notes have been issued as part of Stack Infrastructure's second round of structured debt financing for 2023. The funding round began a month ago with an initial goal of raising $100 million, which has since more than doubled. Since 2019, Stack has raised $2.3 billion in notes. The interest rate on the most recent securitization is 5.9 percent.

Cameron Parker, treasurer of Stack Americas, stated that Stack's tried-and-true growth strategy had sparked extraordinary investor demand. He added that this transaction exemplifies their industry leadership and commitment to delivering value and certainty to their clients.

The notes have a 25-year maturity and a five-year anticipated date of repayment. Stack Infrastructure has a portfolio of data centers located throughout the United States in Atlanta, Georgia; Portland, Oregon; Chicago, Illinois; San Jose, California; Dallas, Texas; New Albany, Ohio; and Sterling, Virginia, with a total of 1,917,000 square feet and 138MW of capacity.