- $5 billion raised through green loans to fund North American data centre growth
- Includes full financing for new hyperscale campus in New Albany, Ohio
Vantage Data Centres financing to bolster North American operations
Vantage Data Centers has secured an additional $5 billion in green loan financing to power the next phase of its North American growth — including full backing for a new hyper-scale campus in New Albany, Ohio.The financing includes a $2.25 billion construction loan and a $2.75 billion expansion of Vantage’s existing $3 billion corporate green credit facility. Combined, the transactions bring the firm’s total 2024 North American financing to $8 billion. The Ohio site, located on a 70-acre plot near Columbus, will house three pre-leased data centres delivering 192MW of IT capacity across 1.5 million square feet. The first facility is due to come online before the end of the year.
Led by MUFG and Société Générale, the construction debt package is among the first of its kind in the data centre sector to earn private investment-grade ratings from two major credit agencies — a sign of growing market confidence in the industry’s fundamentals. The corporate loan increase, arranged by a syndicate including Wells Fargo, TD Securities, Truist Securities, and Scotiabank, will support further development and land acquisition across the region.
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Why it’s important
This financing reflects the continued growth in demand for digital infrastructure, particularly as AI and cloud computing drive the need for scalable, high-capacity data centres. By opting for green loan structures, Vantage is aligning with a broader industry trend toward integrating sustainability into expansion strategies.
The funding will support developments such as the new Ohio campus, which highlights the market’s appetite for large-scale, high-density facilities. While Vantage is not the most globally recognised operator in the sector, it has significantly expanded its presence in North America and Europe in recent years.
Notably, the fact that this financing package received private investment-grade ratings suggests lenders view data centre infrastructure as a stable and attractive long-term asset class.
