SMBC Leads and Closes $1.28 Billion Data Center Project Financing for QTS Realty Trust
NEW YORK–(BUSINESS WIRE)–SMBC, a member of the SMBC Group, has led and closed a $1.28 billion financing for QTS Realty Trust, LLC (“QTS”) to design and build a new state-of-the-art data center campus technology. SMBC acted as Sole Coordinating Lead, Sole Bookrunner, Green Lending Coordinator and Administrative Agent.
The transaction is in addition to June 2022 funding for a separate data center campus for QTS. For this transaction, SMBC also acted as Sole Coordinating Lead Arranger, Sole Bookrunner, Green Loan Coordinator and Administrative Agent. Both financings for QTS were green loans in the North American market. The environmental benefits of the two projects and the alignment of the financing with the principles of green lending have been confirmed by a third-party opinion.
Juan (JC) Kreutz, Managing Director and Co-Head of Global Structured Finance, Americas, said, “SMBC is very committed to supporting our clients in the digital infrastructure sector. We are excited to expand our relationship with QTS into this space.
“We are delighted to have led these two financings, providing an attractive source of capital for QTS,” said Quynh Tran, Managing Director and Co-Head of North American Infrastructure Finance at SMBC. “This latest transaction further leverages SMBC’s focus and expertise on structuring transactions across product groups and geographies to provide our clients with the liquidity needed to meet their growth plans. Our team is very enthusiastic and excited to provide QTS with green financing solutions that will help it achieve its longer-term sustainability goals and measures.
About QTS Realty Trust
QTS Realty Trust, LLC is a leading provider of data center solutions across a diverse footprint covering over 9 million square feet of utility-scale data center space in North America and Europe. With its software-defined technology platform, QTS is able to deliver secure and compliant infrastructure solutions, robust connectivity, and premium customer service to leading hyperscale technology companies, enterprises, and government entities. QTS is a Blackstone portfolio company.
About SMBC Group
SMBC Group is a leading global financial group headquartered in Tokyo. With a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards and consumer credit. The SMBC Group has more than 140 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG shares trade on the Tokyo Stock Exchange, Nagoya Stock Exchange and ADR on the New York Stock Exchange (NYSE: SMFG). As of June 30, 2022, its total assets stood at $1.97 trillion.
In the Americas, SMBC Group is present in the United States, Canada, Mexico, Brazil, Chile, Colombia and Peru. With the strength of its capital and the value of its relationships in Asia, the SMBC Group offers a range of commercial and investment banking services to its corporate, institutional and municipal clients. It connects a diverse customer base to local markets and the organization’s extensive global network. SMBC Group operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro SA and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.