Vantage Data Centers (“Vantage”) Completes USD $255 Million Structured Debt Financing

Counsel to Vantage Data Centers with respect to its successful issuance of USD $255 million in securitized notes

On September 3, 2025, Vantage successfully issued USD $255 million in securitized notes. The notes are rated A- and BBB- by S&P Global Ratings.

Vantage is a leading global provider of hyperscale data center campuses servicing top-tier global hyperscalers, cloud providers and large enterprises across 5 continents and 37 campuses in North America, EMEA and Asia Pacific.

Miller Thomson acted as Canadian counsel to Vantage with a team led by Y. Ken Chun and Jay Sernoskie (Corporate) and comprised of Ahmad Adam, Shaun Parekh and Eugene Yeung (Structured Finance and Securitization), Andrea Chiu (Corporate), Luc-Antoine Manneh and Nadim Elkommos (Financial Services), Chantal Joubert and Stuart Chaimberg (Real Estate), Ron Choudhury, Carolyn Inglis and Thomas Ghag (Tax), Patrick Corney and Matthew Cressatti (Insolvency), and Radhapriya Chawla (Articling Student).