GLAS supports €750m syndicated financing for Vantage Data Centers
GLAS is thrilled to have been involved in the completion of the €750m syndicated Term Loan raised by Vantage Data Centers (VDC) to facilitate the financing needs of the company’s fourteen data center campuses in the UK, Germany, Italy, Poland, Switzerland, Republic of Ireland and South Africa.
GLAS acted as Facility Agent and Security Agent on the €750m Term Loan, secured by a mixture of accounts, shares, and contracts across multiple jurisdictions, funded by a syndicate of 18 lenders in four continents.
The instant transaction is GLAS Germany’s 3rd collaboration with VDC and another example of GLAS’ expertise in the rapidly growing data center market.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
About GLAS
GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.
GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $390bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.
