Vantage Data Centers Secures $5 Billion in Green Loan Financings to Accelerate North America Expansion
In a landmark move to meet the surging demand for digital infrastructure, Vantage Data Centers, a global leader in hyperscale data center campuses, has announced the successful securing of $5 billion in incremental green loan financings. This substantial capital injection underscores Vantage’s commitment to supporting the rapid growth of its North America platform, driven by increasing cloud computing and artificial intelligence (AI) requirements. The financing package includes a $2.25 billion construction loan for its New Albany, Ohio, campus and a $2.75 billion upsizing of an existing corporate credit facility, bringing the company’s total borrowing base to $8 billion.
Fueling Growth with Strategic Financing
The $5 billion in green loan financings reflects Vantage’s ability to secure innovative and sustainable funding solutions to meet the evolving needs of its customers. These funds will be instrumental in accelerating the development of hyperscale data centers across key markets in North America, ensuring that Vantage remains at the forefront of the digital economy.
Innovative Rated Construction Financing for New Albany Campus
A significant portion of the financing—$2.25 billion—has been earmarked for the full development of Vantage’s state-of-the-art data center campus in New Albany, Ohio. Located just outside Columbus, this 70-acre campus will feature three pre-leased hyperscale data centers spanning 1.5 million square feet and delivering 192MW of critical IT load. The first facility is expected to be operational by December 2025, positioning Vantage to meet the growing demands of hyperscale customers in the region.
This transaction stands out as one of the first construction loans in the data center industry to achieve private investment-grade ratings from two leading rating agencies. The financing was led by Mitsubishi UFJ Financial Group, Inc. (MUFG) and Societe Generale, highlighting the confidence top-tier financial institutions have in Vantage’s vision and execution capabilities.
Upsized Corporate Credit Facility for Future Growth
In addition to the New Albany financing, Vantage has expanded its existing $3 billion green loan corporate credit facility by an additional $2.75 billion, bringing the total to $5.75 billion. This increased capacity will support the ongoing development of data centers and strategic land acquisitions across North America, enabling Vantage to scale its operations and meet customer demand in high-growth markets.
The upsized facility was arranged by a syndicate of leading banks, including Wells Fargo Securities, LLC, which served as the structuring bank, alongside joint bookrunners TD Securities, Truist Securities, Inc., and Scotiabank. This expanded financing reinforces Vantage’s strong relationships with top-tier financial institutions and underscores their shared commitment to sustainable growth in the digital infrastructure sector.
A Commitment to Sustainability and Innovation
Both financing deals were secured under Vantage’s Green Finance Framework, a testament to the company’s dedication to sustainable development, delivery, and operation of its data centers. By aligning its financing strategies with environmental goals, Vantage ensures that its facilities not only meet the technical demands of hyperscale customers but also adhere to the highest standards of sustainability.
“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 of 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.”
Cosgray’s remarks highlight Vantage’s dual focus on innovation and sustainability, ensuring that the company remains agile and responsive to the needs of its customers while contributing positively to the environment.
Meeting the Demands of the Digital Economy
The digital transformation sweeping across industries has created an insatiable demand for data center capacity. Cloud computing, AI, and other data-intensive technologies are driving organizations to seek reliable, scalable, and sustainable infrastructure solutions. Vantage’s latest financings position the company to address these needs head-on, with a robust pipeline of projects designed to deliver cutting-edge facilities across multiple markets.
The New Albany campus, for instance, exemplifies Vantage’s approach to meeting hyperscale requirements. With its massive power capacity and expansive footprint, the campus is tailored to support the most demanding workloads, from cloud services to AI-driven applications. Similarly, the upsized corporate credit facility ensures that Vantage can continue acquiring strategic land and developing new data centers to stay ahead of market trends.
Why This Matters for the Industry
Vantage’s $5 billion in green loan financings is a clear signal of the growing importance of sustainable financing in the data center industry. As environmental concerns become increasingly central to business operations, companies like Vantage are setting a new standard for how digital infrastructure can be developed responsibly. By leveraging green financing, Vantage not only reduces its environmental impact but also enhances its appeal to customers and investors who prioritize sustainability.
Moreover, the scale of these financings underscores the critical role data centers play in powering the modern economy. From enabling cloud-based services to supporting AI innovations, data centers are the backbone of the digital age. Vantage’s ability to secure such substantial funding ensures that it can continue expanding its footprint and delivering world-class solutions to its customers.
