Flexential’s $150 Million Secured Data Center Revenue Notes Offering

Simpson Thacher represented Flexential on the deal.

Flexential has completed its private placement of $150 million of aggregate principal amount of Secured Data Center Revenue Notes, consisting of $150 million of aggregate principal amount of Series 2022-1 Class A-2 Secured Data Center Revenue Term Notes. Flexential intends to use an amount equal to the net proceeds from the sale of the notes to finance and/or refinance a portfolio of eligible green assets.

Flexential provides highly scalable, customizable data center solutions, including colocation, network and connectivity services and managed and cloud services in support of enterprise technology companies, network and cloud service providers, healthcare institutions, large financial institutions and other internet and media companies.

The Simpson Thacher team included John Schueller (Picture), Kate Draper and Casey Olschwang (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Jeanne Annarumma (ERISA); Dennis Loiacono (Real Estate); Jonathan Pall (Collateral); and Michael Isby (Environmental).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Katherine Draper – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Kris Liu – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Casey Olschwang – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; John Schueller – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Flexential;

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Author: Youness Semri