Phoenix Infrastructure LLC (doing business as “Centersquare”), completes USD $1.1 billion structured debt financing

Canadian Counsel to Centersquare with respect to its' successful issue of USD $1.1 billion in securitized notes

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Team Members

On December 4, 2025, Centersquare successfully issued USD $1.1 billion in securitized notes. The notes are rated A- and BBB- by S&P Global Ratings.

With 80 advanced data centers across North America and select EMEA markets, Centersquare is a leading North American colocation provider that delivers enterprise-grade infrastructure for cloud providers, hyperscalers and large organizations.

Miller Thomson acted as Canadian counsel to Centersquare with a team led by Y. Ken Chun and Jay Sernoskie (Corporate) and comprised of Bruno Caron, Mack Hosseinian, Madison Derraugh, and Jennifer Jeong (Securities).