TD Securities leads CA$320 data center deal
The data center's highly rated tech-firm tenant remains a mystery.
By
John Hintze
Data and information management
Fitch Ratings proposes new criteria to rate data center securitizations
The methodology combines existing ABS and CMBS analyses
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.
Data center operator Sabey raises another $435 million
Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.
Trump tariffs spook markets, but investor confidence grows
The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.
Centersquare Issuer get set to issue $940 million through two series of notes
A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
Moody’s issues ratings methodology for Data center ABS
The rating agency covers its bases in preparation for a surge in data center debt
By
John Hintze
CyrusOne offers $575 million in ABS, on Virginia and Texas data centers
Among the deal's main credit strengths is that the real estate assets are protected by robust physical security, and 83.5% of the tenants have investment-grade credit ratings.
Compass Datacenters readies $885 million in data center revenues
The deal will sell two series of notes from a new master trust, secured by revenues from three data centers in Phoenix and Toronto.
Sabey Center to raise $410 million in ABS from data center leases
Tenants also have a high average credit quality, with 75.9% of them having at least an investment grade rating, and lease assets underlying the class A notes have a loan-to-value (LTV) ratio limited to 70%.
Chinese hackers accessed Yellen’s computer in U.S. Treasury breach
The attackers also hacked the computers of two of Yellen's lieutenants, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith.
US Treasury says it was breached by Chinese-backed hackers
Treasury was notified on Dec. 8 by a third-party software provider that a hacker had gained access "to a key used by the vendor to secure a cloud-based service."
FSOC flags commercial real estate, cyber and stablecoins
The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.
Treasury, banking groups band together to fight cyberattacks
The federal Project Fortress initiative provides defensive tools for banks. Community banking groups and regulators' associations say small banks in particular need the free and accessible help.
Poor testing allowed CrowdStrike error to crash millions of computers
The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.
CrowdStrike hints at root cause of Friday’s sweeping IT outage
While the company is still analyzing the error that caused many Windows systems to crash, it said a logic error in a channel file was the cause. Here's what that means.
Loandepot hack leaked almost 17 million customers’ SSNs
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
Loandepot faces class action over PII exposure during breach
16.6 million former and current Loandepot customers had their data leaked, the lender and servicer announced Monday.
CyrusOne returns to issue $488 million from its data center master trust
CyrusOne Data Centers Issuer 2023-2 adds a property in Virginia, a state that accounts for a large portion of data center locations.
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