A $539 MILLION TRANSACTION
Digital infrastructure REIT DigitalBridge Group, has today announced the acquisition of a 24MW hyperscale data center in Santa Clara, California for $539 million.
Codenamed CA22, the Santa Clara facility will expand the Vantage SDC (Stabilized Data Centers) platform, which is a portfolio of hyperscale data centers formed in July 2020 through a $3.5 billion partnership between a DigitalBridge-led investor group and Vantage Data Centers with a plan to establish joint footprints across North America markets.
“DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centers remains strong. This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors,” said Marc Ganzi, President and CEO of DigitalBridge.
The CA22 data center facility is located in Vantage Data Center’s CA2 campus and Vantage Data Centers will continue to manage and operate the newly acquired datacenter as part of its global data center footprint, maintaining the same level of service for its customers.
As announced, this transaction marks a significant milestone in the operations of Vantage SDC as it represents the first hyperscale data center acquisition made through the partnership since its formation in 2020. For this transaction, funds will be provided primarily through existing and new Vantage SDC debt facilities and cash on hand while TD Securities acted as Sole Lead Arranger and Bookrunner on a $105 million Term Loan supporting the transaction.
The acquisition of the Santa Clara facility further extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and expands capacity to 177MW.
DigitalBridge also recently acquired the data center business of Hong Kong-based telecom services provider PCCW Ltd. in a transaction worth $750 million, gaining PCCW’s data center businesses or subsidiaries in Hong Kong and Malaysia.