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The Tech Capital REIT Digital Realty raises $1bn to fund data centre investment activity

US data centre REIT Digital Realty (NYSE: DLR) has raised approximately US$1.1 billion of gross proceeds from the sale of approximately 11 million shares issued under the company's at-the-market (ATM) program, including 3.5 million shares to be issued pursuant to forward sales agreements. The operator said it expects to use the combined proceeds from the asset sale and ATM ...

The Tech Capital Cyxtera handed $200m lifeline as it officially files for bankruptcy

US data centre company Cyxtera (NASDAQ: CYXT) has officially filed for bankruptcy whilst it has secured a new lifeline debtor-in-possession financing worth US$200 million to help it navigate the process. The Miami, Florida-based group said in a note to markets that pursuant to the previously disclosed Restructuring Support Agreement (RSA) it reached with certain of its lend...

The Tech Capital DigitalBridge, Brookfield bidding for new $5.5bn data centre portfolio

Brookfield Infrastructure Partners and DigitalBridge Group Inc have reportedly entered a bidding war for Compass Datacenters, a US-based company that builds and operates data centres. According to sources familiar with the matter, the two companies have offered more than US$5.5 billion for Compass’ privately-owned data centre portfolio with locations in the US, Canada, Is...

June 02

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