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QTS Tapping Two Phoenix Data Centers for Refinancing
Blackstone’s QTS Data Centers is aiming to secure a $510 million financing package, backed by three data centers, two in the Phoenix area.
Commercial Edge reports KeyBank National Association is acting as servicer, Wilmington Trust is the indenture trustee, while TD Securities is the loan arranger.
Two hyperscale tenants lease the data center trio.
QTS will use the proceeds to pay prior debt backed by the same assets and to fund future projects.
The Phoenix data centers are PHX2DC2 and PHX2DC3, part of a five-building campus known as Phoenix 2. The facilities have 36 and 45 megawatts of leased capacity, respectively.
Both facilities came online in 2024. The Phoenix campus is set to scale up to 210 megawatts and occupies 80 acres near Phoenix Sky Harbor International Airport. QTS Data Centers broke ground on the fifth building in 2023.
- ◦Financing
