DLA Piper represented Stack Infrastructure, Inc., a wholesale data center company, in its issuance of US$325 million of securitized notes at a coupon of 1.89%, the lowest securitized rate in the history of the data center industry.
Stack Infrastructure provides both the digital infrastructure and end-to-end client experience required to scale the world’s most innovative companies. Its offerings include hyperscale campuses and build-to-suit data centers, immediately available wholesale colocation and private data suites, and powered shell options. Together with its securitization issuances in February and November of 2019, Stack has raised more than US$1.4 billion.
“We were pleased to once again partner with Stack in its latest issuance of securitized notes, which will allow the company to build on its momentum as demand for data centers continues to increase,” said David Ridenour, the DLA Piper partner who led the firm’s deal team. “Our extensive structured finance capabilities, multi-disciplinary team and experience in the data center industry were important factors in our handling of this complex transaction.”
In addition to Ridenour (Washington, DC), the DLA Piper team advising Stack included partners Mark Friedman (Baltimore), Tom Geraghty and Mark Yura (both of Chicago); of counsel Marlene Bidelman (Atlanta) and Marshall Taylor (Los Angeles); associates Alison Pearman, Charles Bell, Paul Wierenga (all of Washington, DC) and Nika Antonikova (San Diego); and paralegal Shawn Parish (Washington, DC).
DLA Piper advises on all aspects of financing, across borders, sectors and financial products. With one of the largest teams of dedicated finance lawyers in the world and an established local law firm network, the firm helps clients realize their financial strategies in whichever markets they do business.