{"id":1004716015,"date":"2024-06-05T02:31:51","date_gmt":"2024-06-05T10:31:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004716015"},"modified":"2024-06-05T02:31:53","modified_gmt":"2024-06-05T10:31:53","slug":"stack-infrastructure-secures-1-3b-for-global-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stack-infrastructure-secures-1-3b-for-global-expansion\/","title":{"rendered":"STACK Infrastructure Secures $1.3B for Global Expansion"},"content":{"rendered":"\n

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One of STACK’s data centers in Portland, Ore. Image courtesy of STACK Infrastructure <\/em><\/figcaption><\/figure><\/div>\n\n\n

Denver-based STACK Infrastructure has raised $1.3 billion in financing for its ongoing global data center development strategy. Funds also include green construction debt refinancing for the expansion of its large-scale shell and turnkey campuses, several being located in the U.S. <\/p>\n\n\n\n

To date, STACK has secured more than $12 billion in financing to expand its global footprint of scalable data center campuses.<\/p>\n\n\n\n

Plans for the new financing<\/h2>\n\n\n\n

Three Virginia campuses will see multimillion-dollar expansions<\/a> with proceeds from this latest financing. Some $350 million in green financing will be used for the expansion of a 150 MW campus in Manassas. Another $301 million will support further development at a 200 MW campus in Loudoun County and $100 million will refinance construction debt that encumbers a 420 MW campus in Prince William County.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Prologis, Blackstone Double Down on Data Centers, but Hurdles Remain<\/a><\/p>\n\n\n\n

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STACK currently has several scaling opportunities, including five in the U.S. and one in Toronto, where a 19-acre campus with an 8 MW data center has 48 MW in expansion capacity. U.S. projects feature:<\/p>\n\n\n\n