Inaugural Securitization Provides Financing to Develop Existing Data Centers and Support Future Expansion
DENVER, CO – FEBRUARY 11, 2019 – STACK INFRASTRUCTURE (“STACK” or the “Company”), the data center company built from the ground up to address the technology infrastructure needs of rapidly scaling enterprises and hyperscale companies, today announced the issuance of $850 million of securitized notes (the “Notes”). The transaction represents another significant milestone for the Company, following the recent launch of the STACK platform on January 15, 2019. The Notes are rated investment grade at A- by Standard & Poor’s.
STACK is committed to being the data center industry leader in building and delivering flexible critical infrastructure solutions that meet and support the complex requirements of enterprise and hyperscale deployments. The Company’s offering includes hyperscale campuses and build-to-suit data centers (“HYPER STACK™”), powered shell capacity (“POWER STACK™”), and immediately available RackReady® wholesale colocation and private data halls (“READY STACK™”). The existing STACK platform totals over 100 megawatts of capacity and approximately 1.5 million square feet in aggregate. The Notes provide financing for existing data center development, market expansion, new site development, and future growth initiatives.
“This financing immediately positions STACK with the long-term capital structure to support the scaled critical infrastructure demands of our growing clients,” said Brian Cox, Chief Executive Officer. “We are pleased that the offering was well received by investors and believe their confidence highlights the strength of our team and the quality of the platform we’ve assembled. This is just the most recent success of many since STACK launched and there is much more to come.”
The Notes have not been, and will not be registered, under the Securities Act of 1933, as amended, or registered or qualified under any applicable state securities laws and may not be offered or sold absent such registration, or an applicable exemption from the registration requirements thereunder and STACK is not obligated to register the Notes. This press release is neither an offer to sell, nor a solicitation of an offer to buy any Notes nor shall there be any sale of the Notes in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
For more information about STACK, please visit: www.stackinfra.com
# # #
ABOUT STACK INFRASTRUCTURE
STACK is a leading data center company built from the ground up to address the full stack of its clients’ critical infrastructure needs, today and into the future. The Company delivers a comprehensive suite of wholesale colocation, build-to-suit, and powered shell solutions in six markets today: Atlanta, Georgia; Chicago, Illinois; Dallas/Fort Worth, Texas; Northern Virginia; Portland, Oregon; and Silicon Valley, California. With unparalleled existing and flexible expansion capacity in the leading availability zones, STACK provides the scale and geographic reach that rapidly growing enterprises and hyperscale companies need. For more information, please visit www.stackinfra.com.
iMiller Public Relations