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In terms of asset fundamentals, the high-quality tenant committed to a 15-year lease with maturity dates through various end dates in 2040. That includes 2.0% annual rent increases.
October 28
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Switch has a large national network of data center properties, with more than 700 patents and patents pending for designs and operations in the space.
October 20
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HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.
September 11
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Data centers across 20 markets will provide the revenues to support the notes. Also, the largest customer accounts for 6.5% of annualized monthly recurring revenue (AMRR).
August 13
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The data center's highly rated tech-firm tenant remains a mystery.
July 31
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Carlyle Group Inc. expects more than $1.8 trillion of capital will be deployed by 2030 to meet that demand, and a chunk of that can be taken up by the private markets.
May 8
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The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.
April 22
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Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.
March 27
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A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
March 10
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The rating agency covers its bases in preparation for a surge in data center debt
February 12
