InfraCompute / Deals
QTS: BX 2025-VOLT CMBS
CMBS for QTS, US$3.5bn, November 2025.
Key terms
- Borrower or issuer
- QTS
- Date
- November 2025
- Structure
- CMBS
- Amount
- US$3.5bn
- Pricing
- Not disclosed
- Tenor
- 2-year initial term + three 1-year extensions
What’s notable
A US$3.5bn single-borrower CMBS secured on about ten QTS data centres, with a two-year initial term and three one-year extensions. The D notes were reported as about 23 times oversubscribed, a sign of investor demand for data centre risk even in the lower tranches.
Recorded terms
- Lender type
- Bonds and securitisationsStructure: securitisation
- Tenor
- 2-year initial term + three 1-year extensions
- Security
- ~10 QTS data centres
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from QTS
For counsel on this deal
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Sources
- BX 2025-VOLT (QTS) CMBSSource date: 2025-11
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
