InfraCompute / Deals
QTS: Thunder master indenture ABS
Data centre ABS for QTS, US$3.6bn, 8 July 2026.
Key terms
- Borrower or issuer
- QTS
- Date
- 8 July 2026
- Structure
- Data centre ABS
- Amount
- US$3.6bn
- Pricing
- Thunder term loan B floating c.6.0-6.2% all-in, maturity Jul 2033; a 5.42% fixed class due Aug 2032Class coupons from SEC Form N-PORT fund holding reports
- Tenor
- Interest-only, staggered maturities; reliant on lease extensions
What’s notable
A US$3.6bn data centre ABS rated A+ by KBRA, backed by 12 data centres and 493.5MW across five US markets, all leased to investment-grade hyperscale tenants. Weighted average remaining lease term is about 15.2 years. The notes are interest-only with staggered maturities, so refinancing relies on lease extensions.
Recorded terms
- Lender type
- Bonds and securitisationsStructure: securitisation
- Tenor
- Interest-only, staggered maturities; reliant on lease extensions
- Security
- 12 data centres, 493.5MW (Richmond, Phoenix, Dallas, New Albany, Manassas); cross-collateralised master indenture; RAC for additions
- Tenant or offtaker
- 100% IG hyperscale tenants; 15-20-yr initial leases; WA remaining term ~15.2 yrs
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from QTS
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Sources
- QTS Thunder master indenture (Blackstone)Source date: 8 July 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
