eStruxture Secures C$1.35 Billion for Canadian Data Center Expansion

July 31, 2025
eStruxture Data Centers, a portfolio company of Fengate Asset Management, has secured C$1.35 billion in financing to expand its data centers across Canada, including C$750 million in asset-backed securities.
eStruxture Secures C$1.35 Billion for Canadian Data Center Expansion

eStruxture Data Centers, a portfolio company of Fengate Asset Management, has secured C$1.35 billion in financing to accelerate the development of data centers across Canada. This financing package includes C$750 million in asset-backed securities (ABS), marking the first rated, Canadian asset-only securitization in the data center sector, announced in a press release.

The financing also comprises a DevCo Revolving Credit Facility of up to C$600 million, which will support eStruxture's expansion efforts as demand for data storage continues to grow. The ABS notes were issued under eStruxture's Green Finance Framework, launched earlier this month.

Fengate's investment in eStruxture is made on behalf of its Infrastructure Fund III and IV, along with affiliated entities, including an investment by LiUNA's Pension Fund of Central and Eastern Canada. The financing was structured with the assistance of Guggenheim Securities, Scotiabank, and National Bank.

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