Both funding sources would help finance various growth initiatives, including the 4Degrees Colocation acquisition that closed in January 2019 and the build-out of the first facility on Vantage Data Centers’ second data center campus in Santa Clara.
“The capital we raised over the last 90 days will help fund the explosive growth we’re experiencing and anticipate seeing throughout 2019 and beyond,” said Sharif Metwalli, CFO, Vantage Data Centers. “We have been executing on our growth and development and are well prepared to continue our current trajectory. This capital accelerates the funding of our long-term strategic plan.”
Vantage Data Centers has moved aggressively to increase its footprint to become a leading North American wholesale data center provider. The acquisition of 4Degrees Colocation expanded Vantage’s footprint into Montreal and Quebec City, Canada, while the purchase of 50 acres of land in metro Phoenix will be home to a 160MW (!) data center campus.
Read more at Vantage Data Centers Raises Additional $675M in Debt and Equity Financing on Website Hosting Review.