Secures US$64M Loan from Top Taiwanese Banks and Completes Taiwan’s First Greenfield Hyperscale Data Center Project Financing Transaction
Summary
DENVER, USA and SINGAPORE (March 4, 2024) Vantage Data Centers, a leading global provider of hyperscale data center campuses, announced that it has secured a US$64 million (approximately NT$2 billion) loan from CTBC Bank and Cathay United Bank to fund the development of the companys first data center in Taipei, Taiwan (TPE11). This is the companys third transaction with CTBC globally and its first with Cathay United, both among the top Taiwanese banks.The Taiwan campus, which was first announced last December, is the eighth developing or operational campus in Vantages APAC portfolio. Once completed, the campus will serve hyperscalers, cloud providers and large enterprises as the region becomes a major digital infrastructure hub.Vantage is proud to lead the way in marking the first financing of a greenfield data center project in Taiwan, said Joel Cheah, Vantages CFO in the Asia-Pacific region. We appreciate CTBC Banks continued confidence in Vantages data center platform and are pleased to have the Cathay United Bank team join us in this innovative financial milestone in the next phase of Taiwans growth as a regional data center market.About Vantage Data Centers Vantage Data Centers powers, cools, protects and connects the technology of the worlds well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.