Stack Infrastructure, the digital infrastructure partner to the world´s most innovative companies, has announced the issuance of USD 325 million of securitized notes (the “Notes”) at a coupon of 1.893%, the lowest securitized rate in the history of the data center industry, breaking the Company´s own record for lowest rate set in November, 2019, the company said.
The Notes are rated “A-” by Standard & Poor´s. Stack is a programmatic asset-backed securities issuer. Together with its previous securitization issuances in February and November of 2019, the Company has raised more than USD 1.4 billion.
This latest round of financing is representative of Stack´s considerable momentum in the data center market as well as the acceleration of data center absorption across major regions in the United States. The global pandemic has enhanced the digital economy and is further driving investor interest in data centers, as data demands are increasing to support work-from-home initiatives, collaboration tools, and new technology platforms. Stack is an industry provider of facilitating its clients to meet the increasing end-user demand.
Stack provides digital infrastructure to scale the world´s most innovative companies. With a client-first approach, the Company delivers a comprehensive suite of wholesale build-to suit, colocation, and powered shell solutions in eight markets today: Northern Virginia, Chicago, Portland, Phoenix, Atlanta, Silicon Valley, Dallas-Fort Worth, and New Albany, Ohio. For more information, visit www.Stackinfra.com