Meister Seelig & Fein advised Serverfarm, a global data center developer and operator, on the closing of a $3.0 billion senior secured revolving credit facility to support the continued development, expansion, and operation of its North American data-center portfolio.
The financing provides flexible working capital and capital expenditure funding for a diversified portfolio of existing and development-stage data center assets across the United States and Canada. The facility is secured by a portfolio of existing data center properties “Devco”, with the ability to add incremental facilities. The structure supports Serverfarm’s long-term development strategy while maintaining flexibility as assets progress through acquisition & development, lease-up, and stabilization phases.
The Meister Seelig & Fein team was led by Real Estate Partner and Co-Chair Matthew Kasindorf and assisted by Partner Evan Dreilinger.