Today STACK INFRASTRUCTURE made a significant balance sheet move. They have closed on a $325M structured debt financing deal, positioning them for the next stage of the company's growth.
The new notes carry a coupon of just 1.893%, taking advantage of some of the lowest rates we have seen or probably see combined with the respect the data center business gets from the financial markets these days. Combined with two similar moves last year, STACK has now raised some $1.4B in all.
STACK has been acquiring and expanding propertis on multiple fronts lately, including California, Virginia, Chicago, Oregon, Arizona, Texas, Ohio, and Georgia. We had STACK's Chief Stragegy Officer, Matt VanderZanden, here for a spotlight just last week talking about a few of those projects.
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