King & Spalding represents data center owners and operators in over $1.7 billion of asset-backed securitizations in the First Quarter of 2024.

King & Spalding’s structured finance team closed a number of asset-backed securitizations in the first quarter of 2024. Continuing to show sector leadership in the digital infrastructure industry, King & Spalding has worked on behalf of industry leading data center owners and operators on key transactions, including most recently:

Representing Aligned Data Centers in connection with the issuance of $600 million amount principal amount of Secured Data Center Revenue Term Notes.

Representing Compass Data Centers in connection with the issuance of $720 million principal amount of Secured Data Center Revenue Term Notes.

Representing STACK Infrastructure in connection with the issuance of $240 million principal amount of Secured Data Center Revenue Term Notes.

Representing CyrusOne Data Centers in connection with the issuance of $228 million amount principal amount of Secured Data Center Revenue Term Notes.

The King & Spalding deal team for the transactions was comprised of David Ridenour, Alison Pearman, Nika Silva, Yoojin Lee, Samantha Moench, and Shawn Parish with specialist assistance from Geoffrey King (Bankruptcy), Sam Choy (ERISA), John Green (Tax), Jonathan Talansky (Tax), Sue Moon (Tax), Brian Ashin (Real Estate), Kim Cagle (Real Estate) and Brent Gilfedder (Real Estate).