InfraComputeThe capital behind compute.

InfraCompute / Deals

Stack Infrastructure Issuer 2023-2

Data centre ABS for STACK Infrastructure, US$250m, 26 May 2023.

Key terms

Borrower or issuer
STACK Infrastructure
Date
26 May 2023
Structure
Data centre ABS
Amount
US$250m
Pricing
5.900%; post-ARD +2.414%As stated in the source below
Tenor
ARD Jul 2028; RFD Jul 2048

Recorded terms

Lender type
Bonds and securitisationsStructure: securitisation
Tenor
ARD Jul 2028; RFD Jul 2048
Security
Master trust: data centre real estate, leases and revenues of asset entities; base indenture 8 Feb 2019 (Wilmington Trust trustee)
Lenders and arrangers
Banks named in accountants report (initial purchasers / arrangers): Morgan Stanley & Co. LLC
Trustee
Wilmington Trust
Tenant or offtaker
Hyperscale / IG tenants (lease-level data in Deloitte AUP reports; not named)

Parties

Similar financings

Same structure, other borrowers, closest in date.

More from STACK Infrastructure

All STACK Infrastructure financings →

Filed documents and legal terms

The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.

Filed documents
2
Governing law
New York law
Quoted in the clause and contract libraries
0
THIS SERIES SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

From the Series 2023-2 Supplement to Indenture (filed as exhibit to ODIT FY2025 10-K), filed with the SEC.

In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.

For counsel on this deal

Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.

Sources

  1. Stack Infrastructure Issuer 2023-2Source date: 26 May 2023

About this record

Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.

Read the structure

Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

Working on a financing like this one? Book 20 minutes with Randeep to see how it compares.

Fridays, one email. Work email only. Unsubscribe any time. Privacy.