Stack Infrastructure, the data center company built from the ground up to address the technology infrastructure needs of rapidly scaling enterprises and hyperscale companies, has announced the issuance of USD 225 million in new securitized notes (the “Notes”), the company said.
The Notes are rated “A-” by Standard & Poor´s. Stack is a programmatic asset-backed security issuer. Together with its inaugural securitization in February 2019, the company has raised more than USD 1 billion.
This financing represents another milestone in Stack´s growth since the company´s launch in early 2019. Stack also recently announced new developments to support client expansion in Chicago, Portland and New Albany, Ohio, with both existing operations and plans for further development. With the proceeds from this securitization, Stack intends to consistently invest in its portfolio of campuses in rapidly growing markets.
The Notes have not been, and will not be, registered under the Securities Act of 1933 as amended, registered or qualified under any applicable state securities laws. They may not be offered or sold without such registration or an applicable exemption from the registration requirements thereunder. Stack is not obligated to register the Notes.
Stack is a data center company built from the ground up to address the full Stack of its clients´ critical infrastructure needs, today and into the future. The company delivers a comprehensive suite of wholesale colocation, build-to-suit, and powered shell solutions in seven markets today: Atlanta, Georgia; Chicago, Illinois; Dallas/Fort Worth, Texas; New Albany, Ohio; Northern Virginia; Portland, Oregon; and Silicon Valley, California. For more information, visit www.Stackinfra.com.