STACK Infrastructure: A Commitment to Green Data Centres
STACK Infrastructure (STACK) has issued US$240m in green securitised notes, as part of efforts to better empower its clients to address challenges.
The digital infrastructure partner and data centre operator has closed this amount in its latest green structured debt financing round. It is currently the lowest blended spread over the treasury rate of any data centre issuer since October 2021.
This represents the fourth securitisation programme funding event for STACK within the past 12 months and eighth since 2019. It highlights a continued commitment by the company to do more for its clients and ensure sustainable growth.
Expanding global data centre capabilities
STACK had a record-breaking year in 2023 which saw the company continue to expand its capacity across the Americas, Asia-Pacific and EMEA regions. As a result, the company continues to be a leading data centre operator as it sets standards for cloud providers and innovators to remain flexible.
The company also offers scalable space and power to some of the most well-known hyperscalers worldwide. All of its data centres are focused on running 100% sustainably with renewable energy. It is also able to offer scalable solutions to drive its own expansion, in addition to that of its clients.
- A 48MW Santa Clara data centre, featuring immediately available shell space powered by an onsite substation with rare contracted capacity.
- A 56MW Toronto campus, spanning 19 acres, including an existing 8MW data centre and 48MW expansion capacity, all supported by committed power.
- A 48MW build-to-suit opportunity in the Dallas/Fort-Worth area, boasting abundant power and connectivity options.
- A 200MW campus in Portland spanning 55 acres with 24MW of available capacity with committed power.
- A New Albany, Ohio 58MW data centre campus with immediately available capacity and build-to-suit expansion opportunities.
- A planned five-building data centre campus offering 250MW of scale in Central Phoenix with a dedicated on-site substation.
- A strategically located data centre campus in Osaka, Japan with 72MW of capacity across three planned buildings.
- A 30MW data centre campus in Stockholm, Sweden with 18MW under development.
Supporting a global rise in digital growth
Over the last two years, the company has grown exponentially as it works to deliver safe and sustainable hyperscale data centres to its clients. In November 2023, it secured US$290m in debt financing to build more data centres.
STACK’s investment-grade debt and finance leadership empower the company to do more for those it serves. Currently, the company is committed to supporting the growth of developing technologies like AI and the cloud, all whilst offering sustainable solutions.
“STACK continues to demonstrate its appeal as a highly sought-after partner, leveraging investor confidence to secure capital in an evolving interest rate environment,” says Heather Paduck, Chief Financial Officer of STACK Americas.
“This successful transaction further bolsters our standing as an industry leader with a consistently proven growth strategy and emphasises our unwavering commitment to solving our clients’ capacity needs.”
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