STACK Lines Up $850 Million to Build More Data Centers
February 11, 2019 / RICH MILLER
STACK Infrastructure continues to move quickly to compete in the wholesale data center business. The company, which debuted its national platform and new brand just last month, said today that it has lined up $850 million to finance the growth of its data center infrastructure. The funds will be used for expanding STACK’s existing data centers and expanding into new markets, the company said. The deal reflects several trends we’ve been tracking here at Data Center Frontier, including the impact of new companies in deploying data center capacity, and the increasing sophistication of the financial strategies used to fund them. The STACK funding will use securitized notes, a strategy which allows the company to borrow money at a lower interest rate.