Vantage Data Centers has lined up $692 million in funding, and will use the money to refinance its existing debt and build additional capacity.
Equinix is now officially an investment grade company, joining Digital Realty as the only public data center providers to earn the coveted credit rating, which means lower rates on borrowing and access to a wider pool of capital to fund growth.
The data center industry’s winning track record on Wall Street will make it easier to finance future projects to drive the massive growth of cloud computing.
Data center service provider IO has raised $445 million in debt capital from Deutsche Bank, and $60 million in additional growth capital from an affiliate of Macquarie Capital. The funding will help the company restructure debt,