Vantage Data Centers has secured $5 billion in incremental green loan financings to meet data center demand in the US.

Announced this week, the capital includes a $2.25 billion financing to fully fund construction of the company’s campus in New Albany, Ohio, as well as a $2.75 billion upsizing of an existing $3 billion 2024 borrowing base loan.

These transactions combined give Vantage a total of $8 billion for the continued expansion of its North America footprint.

Located just outside Columbus, the company’s 70-acre campus in New Albany will house three pre-leased hyperscale data centers with 192MW across 1.5 million square feet (139,354 sqm). Announced last year, the first facility is expected to be operational by December 2025.

The New Albany-linked financing was by Mitsubishi UFJ Financial Group, Inc. (MUFG) and Societe Generale.

Separately, Vantage upsized its existing $3 billion green loan corporate credit facility by an additional $2.75 billion, increasing the total to $5.75 billion. The financing will support the development of data centers and land acquisitions for future growth in North America.

The expanded facility was arranged by a bank syndicate led by structuring bank Wells Fargo Securities, LLC, along with joint bookrunners TD Securities, Truist Securities, Inc., and Scotiabank.

“As the need for digital infrastructure continues to accelerate, Vantage remains focused on raising capital to support the rapid expansion of our North America platform,” said Rich Cosgray, senior vice president, global capital markets at Vantage. “These financings demonstrate our ability to secure sustainable and innovative funding vehicles to meet market demand and serve our customers with scalable solutions that ultimately increase our speed to market.”

Both financing deals were secured under Vantage’s Green Finance Framework. White & Case served as legal advisor to Vantage on both transactions.