STACK Adds to its Stack

September 1st, 2020 by · Leave a Comment

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.

If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!

Categories: Datacenter · Financials

Discuss this Post


Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.





  • Ramblings’ Jobs

    Post a Job - Just $99/30days
  • Event Calendar