Thursday, March 16, 2023

STACK Infrastructure closes $250 million for data centers

STACK Infrastructure, a leading global developer and operator of data centers, announced the issuance of $250 million in securitized notes  priced at a fixed rate coupon of 5.900%. 

Cumulatively, STACK has raised a total of $2.1 billion in Notes, rated “A-” by Standard & Poor’s, via its master trust program.

STACK’s growth continues to outpace the industry with a portfolio of more than 1GW of built and under development capacity, 2+GW of future development capacity planned across the Americas, Asia Pacific, and EMEA, and has more than 4 million square feet currently under development. STACK most recently announced the expansion of a Northern Virginia campus to 250MW, the groundbreaking for another 100MW campus in NoVA’s Prince William County, the expansion of the 200MW flagship Portland campus, a 72MW data center campus in Osaka, an 80MW hyperscale data center campus in Frankfurt, and the continued expansion of the Milan campus to over 50MW. STACK’s rapidly growing offerings and expanding global footprint make it one of the largest global private data center operators worldwide.

https://www.stackinfra.com

STACK breaks ground on 7th Northern Virginia data center campus 

STACK Infrastructure commenced construction on its latest hyperscale campus in the center of Prince William County in Northern Virginia. Delivery of the first building on the campus is targeted for Q1 2024. The project is STACK's seventh data center campuses in Northern Virginia.The new 40-acre site will add nearly 100MW of committed and scalable power from Northern Virginia Electric Cooperative (NOVEC). Construction will begin with a 36MW facility,...

STACK Infrastructure builds data center capacity in Australia

STACK Infrastructure announced a partnership with Hickory, a leading Australian commercial real estate developer, to develop data center capacity in three Australian markets: Melbourne, Canberra, and Perth. STACK Australia is currently constructing a 72MW campus in the high growth hyperscale corridor of Truganina in Melbourne’s western suburbs. The facility is expected to be delivered early in 2023 and will include two 36MW buildings (currently...