Digital infrastructure firm DigitalBridge has announced that it has expanded its Vantage Stabilised Data Centres (SDC) platform by acquiring a new data centre. The facility, called CA22, is a 24MW hyperscale data centre designed to serve the market in Santa Clara, California. It was purchased by the company for US$539mn and will be funded primarily through existing and new Vantage SDC debt facilities.
According to DigitalBridge, CA22 will be located at a campus named CA2, which is owned by Vantage Data Centers. The transaction is reported to be a “significant milestone for Vantage SDC, as it represents the platform’s first hyperscale data centre acquisition since it was founded in July last year.
Serving hyperscale demand
Marc Ganzi, President and CEO of DigitalBridge, said: “DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centres remains strong. This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilised data centres, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”
Vantage Data Centers says it will “continue to manage and operate” CA22 as part of its global data centre footprint. The transaction increases Vantage SDC’s footprint to 13 stabilised hyperscale data centres across North America, also increasing capacity by 14%.
Supporting the transaction, TD Securities acted as a Sole Lead Arranger and Bookrunner on a US$105mn Term Loan.