Clifford Chance Advised Vantage Data Centers On Raising €640 Million in Securitized Term Notes

Clifford Chance has advised Vantage Data Centers, a leading global provider of hyperscale data center campuses, as it raises €640 million in securitized term notes, marking the first-ever euro-based securitization of data center assets in Continental Europe.

The transaction includes an additional €80 million in unfunded Variable Funding Notes and follows Vantage’s success last year with the first-ever EMEA data center ABS completed in British pound sterling which Clifford Chance also advised on.

The cross-border Clifford Chance team advising was led by Partner Emma Matebalavu with support from Senior Associate Soojean Choi in London; Partners Oliver Kronat, Olaf Mertgen and Dennis Blechinger with Counsel Steffen Waadt and Senior Associates Tatjana Bougargour and Alexander Metzing in Germany; Partners Marc Mehlen, Counsel Antonio Arenas Torres, and Associate Federica Gamen in Luxembourg; and Partners Matt Lyons and Avrohom Gelber in the US.