STACK Infrastructure issued $290 million in securitized notes at a fixed interest rate coupon of 5.900%. This marks STACK’s third such transaction of 2023 and seventh since 2019.
STACK has cumulatively raised $2.59 billion in Notes, rated “A-” by Standard & Poor’s, via its master trust program.
“STACK’s continued success in raising capital via the ABS market is evidence that investors recognize the success of our cloud-first approach and cutting-edge capacity in key markets,” said Cameron Parker, Vice President, Treasurer at STACK Americas. “Our growth strategy is intrinsically aligned with our clients’ goals, ensuring the essential AI-ready capacity they require while consistently adapting to their evolving needs.”
“With a year of historic leasing success and a robust pipeline of future capacity in the Americas, Asia Pacific, and EMEA, STACK takes the lead in empowering cloud providers and innovators with flexible, scalable solutions that perfectly match the ever-evolving AI technology landscape, fueling their growth. Recent worldwide developments include AI-scale campuses offering hundreds of megawatts in major data center markets, including Northern Virginia, Phoenix, Toronto, New Albany, Portland, Osaka, Stockholm, Tokyo, and more. STACK’s entire portfolio encompasses an impressive 2.5+GW built or under development and an additional 4.0+GW of planned and potential development to support the continued growth and success of clients.”
STACK to double its data center capacity in Chicago