DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - Investment / M&A / Financing, Flexential
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Flexential establishes $800m credit facility, upsizing initial target by 60 percent
Plans to expand capacity in key markets
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Former Flexential data center up available for lease/sale in Pennsylvania
Facility currently offers 2.5MW, reportedly expandable to 40MW+
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Flexential seeking $1.4bn in ABS, backed by 28 data center sites
US data center operator will use the funds to fully pay off prior debts
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Flexential completes $800m ABS fundraise
Proceeds to repay outstanding debt and "support long-term financing strategy"
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Flexential secures investment from GI Partners and Hamilton Lane-managed funds
Company has $1 billion to spend on build-out plans
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Flexential acquires two leased data centers in Atlanta, Georgia
Company pivoting from leased to owned facilities
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Mapletree Industrial Trust to sell Flexential-occupied data center in Georgia
Company selling Norcross facility to unnamed buyer for $11.8m
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Morgan Stanley invests in US data center firm Flexential
Terms not shared, will co-own company alongside GI Partners
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Flexential to expand data center footprint in Hillsboro, Oregon
Company adding 54MW to footprint outside Portland in partnership with T5
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Five 9s Digital sells four US data centers for $41 million
Likely sold to Landmark Dividend, which has also bought two TierPoint- and two Centrilogic-occupied facilities since
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IPI Partners acquires 1500 Champa carrier hotel in Denver, Colorado
Investment firm buys DataBank & Flexential occupied carrier hotel
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Flexential raises $2.1 billion via inaugural securitization financing
Another data center firm looks to sustainability-linked financing
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Flexential agrees sale-leaseback deal for Plano data center
Agreement with with Legacy Investing and Invesco Real Estate funds expansion at Texas facility, second such deal agreed this year