Seattle, WA (July 8, 2021) – Sabey Data Centers, one of the largest privately-owned multi-tenant data center owner/developer/operators in the United States, announced today that it issued $175 million of securitized notes at a fixed rate coupon of 1.881% setting a record for the lowest new issue spread to benchmark rates in the sector. Sabey is the only data center issuer to offer investors notes rated “A+” by Standard & Poor’s. With this follow-on issuance, Sabey has issued $975 million of A+ rated notes.
Robert Rockwood, President of Sabey Data Centers, said, “The Company has delivered results well ahead of projections since our initial transaction. We have a great team working very effectively in a great industry. This issuance allows us to continue to grow as we bring the industry’s best and most sustainable data center solutions to the world’s most demanding data center customers.”
Patty Sewell, Chief Financial Officer, Sabey Corporation, said, “Sabey’s recent issuance was extremely well received by the market representing the quickest marketing timeframe for the sector. Efficient access to capital markets through this ABS platform will allow Sabey to continue to cost-effectively finance customer driven expansion for years to come. We place high value on the partnership that we have developed with Guggenheim Securities who acted as sole structuring advisor and sole book-running manager on the transaction.”
The notes have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration, or an applicable exemption from the registration requirements thereunder. This press release is neither an offer to sell, nor a solicitation to buy any notes nor shall there be any sale of the notes in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
ABOUT SABEY DATA CENTERS
With a portfolio of more than three million square feet of mission critical space, Sabey Data Center Properties is one of the largest privately-owned multi-tenant data center owner/developer/operators in the United States. Sabey specializes in scalable, custom-built solutions including data center ready shell space and fully turnkey data centers managed by Sabey’s award-winning critical environment staff. Consistently recognized for low cost hydroelectric power, operational excellence through its world-class data centers and sustained uptime, Sabey is proud to provide data center services to many of the world’s top financial, technology and healthcare companies.