Accelerate Infrastructure raises $450 million
The private placement deal was a huge leap in value from its inaugural securitization in October 2024, when it raised $150 million.
Data warehouses
Truist sees ABS sales Climbing 15% this year as spreads narrow
New U.S. ABS sales have surpassed $300 billion for a third straight year, with issuance already 11% higher than it was at this point in 2025. Spreads are the narrowest in more than four years.
Vantage launches $2 billion credit facility backing data centers
Meanwhile, Moody's cites the need for investment in power transmission infrastructure to keep pace with rising energy demands to new run data centers.
Canadian colocation centers expect to raise $1.5 billion
The deal's structure includes debt service coverage ratio (DSCR) triggers that will deposit excess cash is deposited in the cash trap reserve and loan-to-value tests.
Hyperscalers drag down bond gauges across global markets
The wave of issuance has become a test of credit market depth, while growing unease over the scale of AI spending is hammering the shares of chipmakers and cloud-computing giants.
Data center refinance supports $520 million in CMBS
The data center is fully leased and is completely occupied by a single hyperscale tenant, which has an AA-' rating, under a long-term lease agreement.
Aligned Data Centers raises $1.1 billion
The deal is a master trust and will use its proceeds to repay all outstanding series of notes, not sharing identical collateral of prior issuances.
Brookfield-backed data center firm Csquare files for U.S. IPO
The IPO comes on the heels of several listings by companies seeking to benefit from the rapid growth of AI.
Infrastructure CLOs gain ground
Demands for new data centers account for the surge in financing, while offering portfolio diversity.
By
John Hintze
Data center ABS Iskandar and Kaveh bring to market, raising $1.4 billion
Iskandar and Kaveh have a liquidity reserve of about $16.3 million at closing, and a cash-trapping trigger if the three-month average class A debt service coverage ratio (DSCR) falls below 1.45x.
Flexential Issuer aims to sell $1.4 billion in colocation data centers
The A2 tranche in the 2026-1 series will issue the bulk of notes $765 million, with an A- rating, and a March 2031 anticipated repayment date. Its legal final maturity date.
AI race mints top-rated hyperscaler-backed data center debt
It's the first time either S&P Global Ratings, Moody's or Fitch Ratings has handed out a triple A rating to a data center ABS deal, has assigned previous Compass offerings its highest rating.
The $3 trillion AI data center build-out becomes all-consuming for debt markets
Across US CMBS and ABS, JPMorgan projects annual data center securitization issuance could reach $30 billion to $40 billion in both 2026 and 2027.
Compass Datacenters raises $326 million from five buildings
In terms of asset fundamentals, the high-quality tenant committed to a 15-year lease with maturity dates through various end dates in 2040. That includes 2.0% annual rent increases.
Data center operator Switch raises $659 million through master trust
Switch has a large national network of data center properties, with more than 700 patents and patents pending for designs and operations in the space.
DataHoldings ready to sell $1 billion in data center-related ABS
HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.
Centersquare sells another $815 million in notes to investors
Data centers across 20 markets will provide the revenues to support the notes. Also, the largest customer accounts for 6.5% of annualized monthly recurring revenue (AMRR).
TD Securities leads CA$320 data center deal
The data center's highly rated tech-firm tenant remains a mystery.
By
John Hintze
Large AI projects present $1.8 trillion capital pool for private credit
Carlyle Group Inc. expects more than $1.8 trillion of capital will be deployed by 2030 to meet that demand, and a chunk of that can be taken up by the private markets.
Data center revenue to support $500 million in ABS from TierPoint Issuer
The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.
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