Vantage Data Centers (“Vantage”) Completes USD $700 Million Structured Debt Financing

Counsel to Vantage Securitization with respect to its successful issue of USD $700 million in securitized notes

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Team Members

On November 18, 2025, Vantage successfully issued USD $700 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 Shaun Parekh, Ahmad Adam, Andrea Chiu, Eugene Yeung and Jennifer Jeong (Structured Finance and Securitization), Luc-Antoine Manneh, Kevin Plowman 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), Jonathan Tong and Madison Derraugh (Securities) and Radhapriya Chawla (Articling Student).