Cloud Capital Closes $520 Million Data Center ABS Issuance
Cloud Capital closed a $520 million asset backed securities issuance through its new Cloud Capital ABS Master Trust, the company announced in a press release. The firm said the transaction is tied to its Core Joint Venture Strategy, backed by Realty Income and a global institutional investor.
The issuance is secured by an 80 MW stabilized hyperscale data center in Northern Virginia. The facility is leased to an investment grade hyperscale customer under a long term lease.
Cloud Capital said the transaction received AAA ratings from Fitch Ratings, Morningstar DBRS and Kroll Bond Rating Agency. Guggenheim Securities acted as sole structuring adviser and sole active bookrunning manager, while Deutsche Bank Securities and Morgan Stanley acted as passive bookrunners.
The company said net proceeds will support the continued growth of its Core Strategy and provide more flexibility for hyperscale data center investments.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like AI Funding Brief, Silicon Brief or Daily AI Brief.
Also, consider following us on social media:
More from: Funding
More from: Data Centers
Subscribe to AI Funding Brief
Whitepaper
Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions
This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.
Read more