Holy Guacamole! Vantage Data Centers Scores Big in Europe, and Puss in Boots Knows Why!

A Data Center...Securitization? *Le Gasp!*

Ay Caramba! It is I Puss in Boots here to tell you of a financial fandango so daring so bold it could only happen in the land of schnitzel and lederhosen! Vantage Data Centers those magnificent maestros of mainframes have just pulled off a financial feat worthy of legend! They've raised a king's ransom – €720 million to be exact – using their data centers in Germany as collateral. It is what they call an 'asset backed securitization,' which I must admit sounds as complicated as untangling a ball of yarn after a siesta.

Bonds Hyperscalers and Enough Megawatts to Power Duloc!

These 'ABS' deals as the CFO Sharif Metwalli calls them are like a treasure chest for investors brimming with 'real estate centric high credit quality tenants long term leases.' Vantage is using this gold – sorry euros – to pay off their construction debts. Those smart cookies at Vantage have four shiny data centers in Germany all humming with 64 megawatts of power and fully leased to those hyperscale giants. Apparently Scope Ratings even valued these facilities at around $1 billion earlier this year! Mother Goose would be impressed!

Over Subscribed? More Like Over The Moon!

Now here's where the plot thickens. Rich Cosgray the SVP of global capital markets at Vantage Data Centers told CNBC that the deal was 'highly levered'. But hold onto your sombreros amigos because despite the high leverage the deal was oversubscribed! Twice and four times oversubscribed! Investors were clamoring for a piece of this digital pie like I clamor for a bowl of warm milk! *Purrrrr.* Clearly these investors are not afraid to tango with a bit of risk. And who can blame them? With returns like these even a humble gato like myself is tempted to trade in his sword for a stock portfolio.

Europe's Data Center Market is Exploding Like a Pinata!

The demand for data centers is exploding faster than Donkey after a triple espresso! Big Tech firms those digital conquistadors are gobbling up data like it's the last can of Fancy Feast. The European data center market is expected to grow by a whopping 20% in 2025! Frankfurt London Amsterdam Paris and Dublin are the hot spots but even smaller cities are joining the fray. And though as the rating agency Morningstar DBRS claims the securitization of European data centers is still an 'emerging asset type' investors are increasingly comfortable with this asset. "I think investors are getting more comfortable in EMEA with this as an esoteric asset," said Vantage's Metwalli.

First of its Kind and Ready for More!

Vantage isn't new to this rodeo. Last year they also raised £600 million through the first ever securitization of a data center in Europe the Middle East and Africa (EMEA). They've issued about $7.5 billion in asset backed securities globally across nine transactions. Vantage and its legal eagles at Clifford Chance are leading the charge proving that even in the world of data centers there's room for a little bit of swashbuckling.

And So The Legend Continues...

So there you have it amigos! Vantage Data Centers has conquered the European financial landscape with a deal as bold as my whiskers and as smooth as my 'sad cat' eyes. Who knows what adventures await? But one thing is certain: Puss in Boots will be here to report on every twist and turn with a flourish of my sword and a twinkle in my eye. After all adventure is out there and I intend to find it! Now if you'll excuse me I hear there's a bowl of cream calling my name... *Adios!*