CAPRE’s West Coast Wednesday: From Silicon Valley to the World, August 28 2019

Check out the latest in deals, development and disruptive technology in CAPRE's West Coast Wednesday for August 28, 2019: Vantage Data Centers Secures US$692 Million in Additional Capital to Accelerate North American Expansion: Vantage Data Centers, a leading provider of wholesale data centers in support of business and mission-critical applications, announced today that in August the company raised $548 million in new securitized notes, inclusive of expanded Variable Funding Note undrawn capacity. The notes are rated “A-” by Standard & Poor’s. The notes in this issuance, Series 2019-1, generally rank pari-passu with Vantage’s Series 2018-1 and 2018-2 notes issued in 2018. In addition, the company raised $144 million in project-based construction debt financing from a consortium of banks. The proceeds of these funding sources will be used to refinance existing floating rate credit facilities, significantly reducing interest expense, and to fuel the development of data centers across North America. PacketFabric Secures $75M Joint Venture Funding With Digital Alpha: PacketFabric has announced a $75 Million USD joint venture investment from Digital Alpha Advisors to advance the company’s groundbreaking network offering. PacketFabric is the next generation network service provider. Pricing is transparent, services are provisioned through the portal in minutes, and the API provides extensible automation. PacketFabric is the ideal combination of carrier network and software as a service, offering a wide range of connectivity solutions between colocation, cloud, and to business partners. Already a leader in 100Gbps ethernet connectivity for enterprise…