Acquisition of 24 MW CA22 Facility Expands Presence in Highly Coveted Santa Clara, California Market
BOCA RATON, Florida, October 01, 2021– (BUSINESS WIRE) – DigitalBridge Group, Inc. (“DigitalBridge”), today announced the expansion of the Vantage SDC (Stabilized Data Center) platform with the acquisition of CA22, a 24 MW hyperscale data serving the strategic Santa Clara district, CA market. The transaction is valued at $ 539 million and will be funded primarily by existing and new Vantage SDC credit facilities and available liquidity.
The CA22 data center facility is located on the CA2 campus of the Vantage Data Center, adjacent to Vantage SDC’s wholly owned CA21 facility, which serves the Santa Clara market, where supply is limited.
The transaction is a milestone for Vantage SDC, which represents its first hyperscale data center acquisition since its inception in July 2020 through a $ 3.5 billion strategic partnership between Vantage Data Centers and a group of investors led by DigitalBridge. Vantage Data Centers will continue to manage and operate CA22 as part of its global data center footprint, maintaining the same superior level of service for its valued customers. The transaction extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and increases capacity by 14% to 177 MW.
“DigitalBridge’s commitment to supporting the growth of its portfolio companies while meeting the growing need for hyperscale data centers remains strong,” said Marc Ganzi, President and CEO of DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns to investors. “
TD Securities acted as lead arranger and sole bookrunner on a $ 105 million term loan in support of the transaction.
DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure REIT. With a legacy of over 25 years of investing and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and network infrastructure. edge, the DigitalBridge team manages a $ 35 billion portfolio of digital infrastructure assets on behalf of its sponsoring partners. and shareholders. Based in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London and Singapore.
Vantage SDC is a portfolio of world-class stabilized hyperscale data centers located in strategic markets in North America. Vantage SDC was formed in July 2020 through a $ 3.5 billion strategic partnership between a group of investors led by DigitalBridge and Vantage Data Centers, which manages and operates Vantage SDC facilities as part of its global footprint of data center. Vantage SDC is headquartered in Denver, Colorado.
Caution Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions regarding matters that are not historical facts. In some cases, you can identify forward-looking statements by using forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “anticipate”, “anticipate”, “Believes”, “estimates”, “predicts” or “potential” or the negative of those words and expressions or similar words or expressions which are predictions or indicate future events or trends and which do not relate solely to historical questions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that may cause such a difference include, but are not limited to, the performance of the Company’s stabilized data center portfolio, including CA22, and other risks and uncertainties, including those detailed in the annual report of the Company. DigitalBridge on Form 10-K for the fiscal year ended December 31. , 2020, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and its other reports filed from time to time with the United States Securities and Exchange Commission (“SEC”). All forward-looking statements reflect the Company’s beliefs, assumptions and good faith expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of this press release. DigitalBridge has no obligation to update any of these forward-looking statements after the date of this press release, or to comply with any prior statements with actual results or revised expectations, and DigitalBridge does not intend to do.
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