Flexential Completes $800 Million Secured Data Center Revenue Term Notes Issuance

Simpson Thacher represented special-purpose subsidiaries of Flexential Corp. in connection with the private placement of Secured Data Center Revenue Term Notes. The transaction consisted of the private placement of $800 million in aggregate principal amount of Secured Data Center Revenue Term Notes, comprising $555 million of Series 2025-1 Class A-2 Secured Data Center Revenue Term Notes, $195 million of Series 2025-2 Class A-2 Secured Data Center Revenue Term Notes and $50 million of Series 2025-1 Class C Secured Data Center Revenue Term Notes. Flexential intends to use an amount equal to the net proceeds from the sale of the notes to finance and/or refinance a portfolio of eligible green assets. Flexential provides highly scalable, flexible and customizable data center solutions, including colocation, interconnection and cloud services, managed solutions and professional services in support of enterprise technology companies, network and cloud service providers, healthcare institutions, large financial institutions and other internet and media companies. Simpson Thacher represented special-purpose subsidiaries of Flexential Corp. with a team composed by: John Schueller, Kate Draper, Ben Carson, Jordan Holtz and Shuhan Zhang (Capital Markets); Jonathan Cantor, Kris Liu and Heesang Yeo (Tax); Erica Rozow, George Gerstein and Pasco Struhs (ERISA); and Dennis Loiacono (Real Estate).

Flexential Completes $800 Million Secured Data Center Revenue Term Notes Issuance

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