Powering AI and Cloud Growth Through Scalable, Sustainable Infrastructure
As demand for AI computing, cloud services, and hyperscale data centers accelerates across Europe, the Middle East, and Africa (EMEA), access to innovative and resilient financing has become critical. Vantage Data Centers, a global leader in hyperscale campus development, has taken another decisive step in meeting this demand by completing a £254 million expansion of its existing asset-backed securitization (ABS) structure.
The latest transaction reinforces Vantage’s position at the forefront of data center financing innovation, while enabling the company to scale sustainable digital infrastructure to support the world’s largest technology platforms.
A Landmark Expansion of an Industry-First ABS Structure
Vantage announced it has successfully raised £254 million in securitized term notes, comprising a £200 million tap of its existing Class A-2 Notes and a new £54 million Class B Tranche. This follows the company’s landmark 2024 issuance of £600 million, which marked the first-ever EMEA data center ABS completed in sterling.
The Class A-2 Notes carry strong investment-grade ratings—A-, A (low), and A—from Standard & Poor’s, Morningstar DBRS, and Scope Ratings, respectively. The newly introduced Class B Notes are rated BBB- and BBB, reflecting continued investor confidence in Vantage’s operating platform, asset quality, and long-term growth strategy.
This third ABS issuance in Europe underscores Vantage’s ability to attract institutional capital at scale while maintaining disciplined financial execution.
Strategic Refinancing to Support Hyperscale Growth
Proceeds from the new issuance will be used to refinance specific indebtedness tied to CWL11 and CWL13, including the full redemption of the Class A-1 VFN notes. These assets form part of Vantage’s 148MW Cardiff, Wales campus, one of the largest hyperscale data center campuses in Europe.
The refinancing supports Vantage’s broader strategy to drive scale across the EMEA region, accelerate market entry, and meet rapidly increasing demand for AI workloads, cloud infrastructure, and high-density compute environments. The notes carry an anticipated repayment date of May 2029, providing long-term stability and flexibility for continued expansion.
Investor Confidence in AI-Ready Digital Infrastructure
According to Rich Cosgray, Senior Vice President of Capital Markets at Vantage Data Centers, the transaction represents another major milestone in the company’s European growth journey.
By expanding its securitization program, Vantage continues to demonstrate the strength of its platform and its ability to deliver world-class, hyperscale data center solutions that are engineered for performance, resilience, and sustainability. The successful issuance reflects sustained investor appetite for infrastructure assets aligned with the future of cloud computing and artificial intelligence.
Advancing Sustainable Data Center Development
Sustainability remains central to Vantage’s capital markets strategy. The transaction retains its Green Bond designation, supported by a Second-Party Opinion from Morningstar Sustainalytics. Barclays Bank PLC acted as both the sole structuring advisor and sole green structuring advisor.
Funds raised through the ABS will contribute to advancing the United Nations Sustainable Development Goals (SDGs) and support the development of next-generation solutions designed to reduce environmental impact. These efforts align with Vantage’s broader commitment to energy-efficient data centers, responsible resource use, and long-term environmental stewardship, as outlined in the company’s Green Finance Framework.
Building the Backbone of the Digital Economy
As AI adoption and cloud migration continue to reshape the global digital economy, hyperscale data centers have become mission-critical infrastructure. Through innovative financing, disciplined execution, and a strong focus on sustainability, Vantage Data Centers is building the capacity required to support this transformation across EMEA.
About Vantage Data Centers
Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.
