Stack Infrastructure has issued $290 million in securitized notes at a fixed interest rate coupon of 5.9 percent.
This is the data center developer's third such transaction of 2023 and seventh since 2019. The company has cumulatively raised $2.59 billion in Notes, rated “A-” by Standard & Poor’s, via its master trust program.
The company has more than 2.5GW of data center capacity built or under capacity around the world, and more than 4GW of planned and potential development.
In North America, it has operations in Atlanta, Calgary, Chicago, Dallas-Fort Worth, New Albany, Northern Virginia, Phoenix, Portland, Silicon Valley, and Toronto. In EMEA, it has a presence in Copenhagen, Frankfurt, Geneva, Milan, Oslo, Stockholm, and Zurich.
Over in Asia Pacific, it has data centers in Canberra, Melbourne, Osaka, Perth, Seoul, and Tokyo.
The company said that it planned to expand aggressively to meet growing artificial intelligence demand.
“Stack's continued success in raising capital via the ABS market is evidence that investors recognize the success of our cloud-first approach and cutting-edge capacity in key markets,” said Cameron Parker, VP and treasurer at Stack Americas.
“Our growth strategy is intrinsically aligned with our clients’ goals, ensuring the essential AI-ready capacity they require while consistently adapting to their evolving needs.”
