Data-Center Debt Tracker
The debt behind the buildings that house AI compute: data-center landlords, campus operators, miners building for AI tenants and hyperscaler joint ventures. Each row names the tenant and the site where the filings do, and links the document. GPU borrowers and their full debt stacks are on GPU Debt.
$386.7B data-center debt signed since January 2024, across 214 deals
Data-center-collateralized debt issuance, by quarter
Amount committed at signing, by quarter · line = cumulative
signed, through the last complete quarter
Data-center-collateralized, by quarter Cumulative signed * current quarter, partial — backfills as filings land
Notes
Bars are data-center-collateralized issuance: 247 instruments, $391.6B, secured by a data center: a landlord or project company, an operator's campus, data-center asset-backed notes or construction debt. 10 of them ($16.3B) are financings by GPU borrowers, such as Crusoe's Abilene construction loans; their rows are on the GPU Debt tab. As of 2026-11-09. Observed from filings, releases and, for some private deals, press reports: the amount committed at signing or close, not the drawn or outstanding balance. A facility upsized later counts each signing on its own date. Guarantees such as residual value guaranties and backstops are not issuance and stay off the bars, as do loans secured by a campus's power equipment rather than its buildings. The current quarter (*) is partial and backfills as deals are recorded. Undated (in the total, not in the bars): 8 instruments ($1.4B). Pre-2024 issuance ($3.5B) sits in the cumulative line's starting level, outside the bars. Coverage: deals are added issuer by issuer and from bond-holder filings and reporting. Data-center securitizations from issuers outside the tracker are not all captured.
Ledger
Every data-center financing on file, plus the corporate bonds and convertibles of the listed operators and miners, so their full stacks sit in one place. The tenant is named on 45 rows and the site on 63. 6 rows carry a backstop from a third party, mostly Google. Filter by tenant to see every financing behind one company's leases.
Ledger updated 2026-11-09
| Issuer | Lenders / Agents | Instrument | Tenant | Site | Source | Type | Size $M | Rate | Issued | Maturity | Seniority | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AdaniConneX (Adani Enterprises / EdgeConneX JV) | ING Bank NV +7 | US$875M sustainability-linked construction financing (accordion to US$1.44B) | — | — | Outlook Business 2024-04-28 (company statement) | Credit facility | 875 | Undisclosed | 2024-04-28 | — | other | press |
| AdaniConneX (Adani Enterprises / EdgeConneX JV) | In talks: DBS, First Abu Dhabi Bank, MUFG, Natixis, ING, Societe Generale (press) | About US$1.5B offshore loan for AdaniConneX data centers (in talks) | — | — | The Tech Capital 2026-11-05, citing Bloomberg | Credit facility | 1,500 | Undisclosed | Reported 2026-11-05; not signed | Undisclosed | other | rumored |
| Affinius Capital / Corscale Data Centers JV (Gainesville Crossing, VA) | Blue Owl (balance-sheet lender) +1 | $975M balance-sheet loan, Project Helios (Gainesville Crossing campus, VA) | — | — | Newmark release 2026-06-08 (PR Newswire) | Credit facility | 975 | Undisclosed | 2026-06 | — | other | confirmed |
| AirTrunk (Blackstone) | More than 60 banks and financiers (not named in the release) | A$16B (ex-Japan) sustainable refinancing: four green loans / sustainability-linked loans | — | — | AirTrunk release 2025-08-25 | Credit facility | 10,400 | Undisclosed | 2025-08-25 | — | other | confirmed |
| AirTrunk (Blackstone) | SMBC (global coordinator) +11 | JPY 191.6B green loan, TOK1 Tokyo campus | — | — | AirTrunk release 2026-03-10 | Credit facility | 1,240 | Undisclosed | 2026-03-10 | — | other | confirmed |
| AirTrunk (Blackstone) | BNP Paribas (global coordinator) +14 | US$2.325B (RM9.5B) green project financing, JHB2 Johor Bahru campus | — | — | AirTrunk release 2026-07-29 | Credit facility | 2,325 | Undisclosed | 2026-07-29 | — | other | confirmed |
| AirTrunk (Blackstone) | Ten banks (press), including SMBC, MUFG and The Chiba Bank | About US$1B (about JPY 155B) green loan, TOK1 campus development (October 2026) | — | — | Impress Cloud Watch 2026-10-13 (AirTrunk media briefing 2026-10-07) | Credit facility | 1,000 | Undisclosed | 2026-10-07 | — | other | press |
| AirTrunk (Blackstone) | Banco Santander +13 | A$4.25B green construction loan, SYD3 hyperscale data center (Western Sydney) | — | Western Sydney, Australia release | AirTrunk release 2026-10-27, 'AirTrunk Secures A$4.25B Green Loan For SYD3 Western Sydney Expansion' | Credit facility | 2,977 | Undisclosed | 2026-10-27 | ~2031 | other | confirmed |
| AirTrunk (Blackstone) | Not named | About US$1.6B SGD and JPY loan for the proposed AirTrunk Singapore REIT (reported) | — | — | Bloomberg via w.media 2026-09-21 | Credit facility | 1,600 | Undisclosed | Reported 2026-09-21; not signed | Undisclosed | other | rumored |
| Aligned Data Centers | PGIM (anchor lender, press) +1 | $2.58B development revolving credit facility (six later-stage assets) | — | Dallas, Texas press +1 | Aligned Data Centers release 'Aligned Data Centers Closes on $2.58 Billion Credit Facility' (2026-03-26) | Credit facility | 2,580 | Undisclosed | 2026-03-26 | ~2029-03 | secured | confirmed |
| Aligned Data Centers | Morgan Stanley (sole structuring advisor; press: Asset Securitization Report 2026-06-25) | Term ABS notes, Class A-2-I + Class B, $1.183B securitization | — | Ashburn and Sterling, Virginia press +2 | Aligned Data Centers release 7/28/26 (GlobeNewswire) | Bond | 1,183 | 5.909% | 2026-07-28 | ~2031 | secured | confirmed |
| Applied Digital Corporation APLD | Starion Bank | Starion Term Loan (Hosting) | — | Jamestown, North Dakota | FY26 10-K debt note + subsequent events (acc 0001144879-26-000048) | Credit facility | 15 | 6.50% | 2022-07-25 | 2027-07-25 | secured | confirmed |
| Applied Digital Corporation APLD | Starion Bank | Starion Ellendale Loan (ELN-01) | MARA | Ellendale, North Dakota | FY26 10-K debt note + subsequent events (acc 0001144879-26-000048) | Credit facility | 20 | 7.48% | 2023-02-16 | 2028-02-03 | secured | confirmed |
| Applied Digital Corporation APLD | Cornerstone Bank | Cornerstone Bank Loan (GPU-01) | redacted Bank of North Dakota guarantee | Jamestown, North Dakota | FY26 10-K debt note + subsequent events (acc 0001144879-26-000048) | Credit facility | 16 | 8.59% | 2024-02-28 | 2029-03-01 | secured | confirmed |
| Applied Digital Corporation APLD | YA II PN, Ltd. (Yorkville) | YA II PN (Yorkville) convertible promissory notes ($92.1M, three notes, 2024) | — | — | FY24 10-K Note 7 (Yorkville Convertible Debt), acc 0001144879-24-000216 | Convertible | 92.1 | 0.00% | 2024-03-27 | 2025-06-06 | unsecured | confirmed |
| Applied Digital Corporation APLD | CIM APLD Lender Holdings, LLC | CIM Promissory Note (Ellendale HPC / ELN-02) | — | Ellendale, North Dakota +2 | 8-K 6/7/24 (origination) | Credit facility | 125 | 12.00% | 2024-06-07 | 2027-06-07 | secured | confirmed |
| Applied Digital Corporation APLD | 144A; Wilmington Trust (trustee) | 2.75% Convertible Senior Notes due 2030 | — | — | FY25 10-K 7/30/25 | Convertible | 450 | 2.75% | 2024-11-04 | 2030-06-01 | unsecured | confirmed |
| Applied Digital Corporation APLD | Macquarie Equipment Capital, Inc. | Macquarie Promissory Note (Ellendale / Polaris Forge 1, $150M) | — | Ellendale, North Dakota | 8-K 12/2/24 (origination) | Credit facility | 150 | 0.25% | 2024-11-27 | 2026-05-27 | secured | confirmed |
| Applied Digital Corporation APLD | Sumitomo Mitsui Banking Corporation (administrative agent) +1 | SMBC Credit and Guaranty Agreement ($375M term loans, Polaris Forge 1) | CoreWeave | Ellendale, North Dakota | FY25 10-K (origination) | Credit facility | 375 | SOFR +3.50% | 2025-02-11 | 2026-08-11 | secured | confirmed |
| Applied Digital Corporation APLD | Unnamed in the 10-Q; likely Texas Capital Bank (inferred; see note) | Other long-term debt: two promissory notes (FQ2 FY2026) | — | — | FY26 10-K debt note + subsequent events (acc 0001144879-26-000048) | Other | 18.5 | Undisclosed | 2025-09 to 2025-11 (fiscal Q2 2026) | Undisclosed | other | confirmed |
| Applied Digital Corporation APLD | Macquarie Equipment Capital, Inc. | MEC Promissory Note (Polaris Forge 2 / Harwood, FAR-01, $50M) | Oracle | Harwood, North Dakota | 8-K 9/12/25 (origination) | Credit facility | 50 | 8.00% | 2025-09-09 | 2027-09-09 | secured | confirmed |
| Applied Digital Corporation APLD | First National Bank of Omaha | 2025 Revolving Credit Facility | — | — | 10-K FY2026 (acc. 0001144879-26-000048), Debt note | Credit facility | 65 | SOFR +2.75% | 2025-11-10 | — | secured | confirmed |
| Applied Digital Corporation APLD | 144A; Morgan Stanley (representative) +1 | 9.25% Senior Secured Notes due 2030 | CoreWeave | Ellendale, North Dakota +1 | Fiscal Q3 FY26 10-Q (ended 2/28/26, filed 4/8/26) | Bond | 2,350 | 9.25% | 2025-11-20 | 2030-12-15 | secured | confirmed |
| Applied Digital Corporation APLD | Macquarie Equipment Capital, Inc. | DevCo Facility (MEC promissory note, new-project development) | — | Boyce, Louisiana inferred | 8-K 12/22/25 (origination) | Credit facility | 100 | 8.00% | 2025-12-18 | 2027-12-18 | secured | confirmed |
| Applied Digital Corporation APLD | 144A; Goldman Sachs (representative) +1 | 6.750% Senior Secured Notes due 2031 | Oracle | Harwood, North Dakota +1 | 8-K 3/10/26 | Bond | 2,150 | 6.75% | 2026-03-10 | 2031-03-15 | secured | confirmed |
| Applied Digital Corporation APLD | Goldman Sachs Bank USA (administrative agent and collateral agent) +1 | Goldman Sachs Bridge Facility ($300M, ELN-04 construction) | CoreWeave | Ellendale, North Dakota | FY26 10-K Note 8 (origination | Credit facility | 300 | SOFR +2.75% | 2026-05-01 | 2027-04-30 | secured | confirmed |
| Applied Digital Corporation APLD | First National Bank of Omaha (admin/collateral) +10 | Revolving Credit Facility | — | — | 8-K 6/26/26, credit agreement filed as EX-10.1 (redacted) and Incremental Assumption No. 1 as EX-10.2, acc 0001493152-26-030333 | Credit facility | 430 | SOFR +2.25% | 2026-05-29 | 2029-05-29 | secured | confirmed |
| Applied Digital Corporation APLD | 144A; Goldman Sachs (representative) +1 | 7.000% Senior Secured Notes due 2031 | CoreWeave | Ellendale, North Dakota | 8-K 6/16/26 | Bond | 1,590 | 7.00% | 2026-06-16 | 2031-06-15 | secured | confirmed |
| Applied Digital Corporation APLD | Texas Capital Bank | Texas Capital Bank term loan | — | — | FY26 10-K subsequent events (acc 0001144879-26-000048) | Credit facility | 58.5 | SOFR +2.75% | 2026-06-30 | 2031-06-30 | secured | confirmed |
| AtlasEdge | ABN Amro +12 | €738M committed seven-year financing facility (€1.2B with accordion) | — | — | AtlasEdge release 2026-05-28 (carried by Light Reading) | Credit facility | 857.3 | Undisclosed | 2026-05-28 | ~2033 | other | confirmed |
| BDx Data Centers | Bank Permata (lead) +2 | US$320M loan facility, Indonesian campuses (CGK3 Jakarta, CGK4 Jatiluhur, CGK5 Suryacipta) | — | — | w.media, April 2026 (BDx secures US$320 million loan to fund data centers in Asia), citing a BDx release | Credit facility | 320 | Undisclosed | 2026-04 | — | other | press |
| Blue Owl / Chirisa Technology Parks / PowerHouse Data Centers JV (Chirisa Technology Park, VA) | Societe Generale (syndicate lead) +1 | $600M construction loan, 50 MW CoreWeave build-to-suit (Chirisa Technology Park, Richmond VA) | CoreWeave | — | Newmark release 2024-12-13 (PR Newswire) | Credit facility | 600 | Undisclosed | 2024-12 | — | other | confirmed |
| Blue Owl Digital Infrastructure Trust | Citibank, N.A. (administrative agent, collateral agent, lead arranger and bookrunner; lender and L/C issuer) +4 | $750M revolving credit facility (A&R Revolving Credit Agreement, Citibank agent) | — | — | Blue Owl Digital Infrastructure Trust 10-Q for the quarter ended 2026-09-30, acc 0002069692-26-000069 (Note 8 and MD&A | Credit facility | 750 | SOFR +1.95% | 2026-04-01 | 2030-04-01 | secured | confirmed |
| Blue Owl Digital Infrastructure Trust | JPMorgan Chase Bank, N.A. (lender) +2 | $559.1M fixed-rate CMBS mortgage loan, GCDC 1 Gainesville VA (BODI Commercial Mortgage Trust 2026-DC1) | — | — | Blue Owl Digital Infrastructure Trust 8-K (Items 2.01, 2.03), report date 2026-06-23, filed 2026-06-29 | Bond | 559.1 | 5.465% | 2026-06-23 | 2040-03 | secured | confirmed |
| Borealis Data Center (Vauban Infrastructure Partners) | Infranity (term loan, $135M) +1 | $148M term debt and revolving facilities (Iceland and Finland campuses) | — | — | Borealis Data Center release on bdc.is (dateline on page reads 'February 7, 2024', a year typo) | Credit facility | 148 | Undisclosed | 2025-02-07 | — | other | confirmed |
| Bridge Data Centres (Bain Capital) | Consortium of international and cross-regional banks; more than 11 lead banks (release; not named) | US$2.8B senior secured bank financing | — | — | Bridge Data Centres release 2025-03-19 (PR Newswire via AAP) | Credit facility | 2,800 | Undisclosed | 2025-03-19 | ~2030 | secured | confirmed |
| Bridge Data Centres (Bain Capital) | Banks not named | Upsize of the Malaysia senior bank loan to about US$6.6B (in talks) | — | — | Bloomberg via w.media 2026-10-13 ('Bridge Data Centres seeks to double loan size to US$6.6 billion for Malaysian operations') | Credit facility | 3,800 | Undisclosed | Reported 2026-10-13; not signed | Undisclosed | secured | rumored |
| Bulk Infrastructure Group | ABN AMRO Bank N.V., Citibank Europe plc, Nordea Bank Abp (Mandated Lead Arrangers) +1 | EUR 410M senior secured loan, N01 Data Center Campus (Vennesla, Norway) | — | — | Bulk Infrastructure release 2025-11-03 (Oslo) | Credit facility | 472.1 | Undisclosed | 2025-11-03 | — | secured | confirmed |
| CDC Data Centres (Infratil / Future Fund / CSC) | Existing and new lenders (not named) | A$2.7B bank debt raise (net A$2.1B added capacity) | — | — | Infratil, CDC Independent Valuation - 31 March 2026 (exchange release 2026-04-08), not linked | Credit facility | 1,860 | Undisclosed | 2026-03 | — | other | press |
| CDC Data Centres (Infratil / Future Fund / CSC) | Noteholders (not named) | A$1.0B subordinated hybrid notes: A$650M 30NC5 FRN and A$350M 30NC7.5 fixed-to-floating | — | — | BondAdviser Weekly Update 2026-06-10 | Bond | 714.2 | A$650M tranche at 3-month BBSW +… | 2026-06-04 | ~2056 | other | press |
| CDC Data Centres (Infratil / Future Fund / CSC) | AMTN investors (lead managers not named in accessible sources) | A$700M senior secured AMTN, 6-yr and 10-yr fixed tranches | — | — | Allens release 2026-08-10 (not linked) | Bond | 489.6 | 6.117% | 2026-07-22 | ~2032 | secured | press |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Coinbase Credit, Inc. | Coinbase overnight facility | — | — | 10-K 2/24/26 | Credit facility | 25 | Fed funds target upper bound + 2… | 2023-08-14 | Open / on demand | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Luxor Technology Corporation | Luxor bitcoin borrowing (Purchase and Sale Agreement) | — | — | FY24 10-K (origination) | Credit facility | 9.98 | Undisclosed | 2024-12-13 | 2025-03-18 | unsecured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Registered; Morgan Stanley (representative) | 1.75% Convertible Senior Notes due 2030 | — | — | 8-K 5/22/25 | Convertible | 172.5 | 1.75% | 2025-05-22 | 2030-05-15 | unsecured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Two Prime Lending Limited | Two Prime facility | — | — | 10-K | Credit facility | 100 | Undisclosed | 2025-08-25 | Undisclosed | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | 144A; U.S. Bank Trust Co. (trustee) | 0.00% Convertible Senior Notes due 2031 | — | — | 8-K 10/1/25 | Convertible | 1,300 | 0.00% | 2025-09-30 | 2031-10-01 | unsecured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Morgan Stanley (representative, 144A) +1 | 7.125% Senior Secured Notes due 2030 — Barber Lake | Fluidstack Google backstop | Colorado City, Texas | 8-K 11/13/25 | Bond | 1,733 | 7.125% | 2025-11-13 | 2030-11-15 | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Morgan Stanley (representative) +1 | 6.125% Senior Secured Notes due 2031 — Black Pearl | Amazon | Wink, Texas | 8-K 2/11/26 | Bond | 2,000 | 6.125% | 2026-02-11 | 2031-02-15 | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | MS Senior Funding (lead left) +5 | Revolving Credit Facility (parent) | — | — | 8-K 3/25/26, credit agreement filed as EX-10.1, acc 0000950103-26-004609 | Credit facility | 200 | SOFR +1.75% | 2026-03-23 | 2030-03-23 | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | Morgan Stanley (representative) +1 | 6.000% Senior Secured Notes due 2031 — Stingray | Amazon | Andrews, Texas | 8-K 6/15/26 | Bond | 810 | 6.00% | 2026-06-15 | 2031-06-15 | secured | confirmed |
| Cipher Mining Inc. (renamed Cipher Digital Inc.) CIFR | 144A; U.S. Bank Trust Co. (trustee); Morgan Stanley and Goldman Sachs (bookrunners, launch presentation) | 0.00% Convertible Senior Notes due 2032 | — | — | Closing 8-K 10/16/26 with indenture EX-4.1, acc 0001193125-26-424297 | Convertible | 850 | 0.00% | 2026-10-16 | 2032-11-01 | unsecured | confirmed |
| CleanSpark, Inc. CLSK | Coinbase Credit, Inc. | Coinbase Credit bitcoin-backed revolving line of credit (2024 Master Loan) | — | — | CleanSpark Q3 FY2026 10-Q (period ended 2026-06-30), Note 9 Indebtedness, acc 0001193125-26-338382 ("Coinbase line of credit and receivable for bitcoin collateral") | Credit facility | 200 | 8.25% | 2024-08-07 | Open / on demand | secured | confirmed |
| CleanSpark, Inc. CLSK | 144A QIBs | 0% Convertible Senior Notes due 2030 | — | — | Q3 FY2026 10-Q (period ended 2026-06-30), filed 2026-08-06, acc 0001193125-26-338382, Note 9 Indebtedness | Convertible | 650 | 0.00% | 2024-12-17 | 2030-06-15 | unsecured | confirmed |
| CleanSpark, Inc. CLSK | Two Prime Lending Limited | Two Prime bitcoin-backed revolving line of credit, up to $100M | — | — | CleanSpark Q3 FY2026 10-Q (period ended 2026-06-30), Note 9 Indebtedness, acc 0001193125-26-338382 ("Two Prime line of credit and receivable for bitcoin collateral") | Credit facility | 100 | SOFR +3.55% | 2025-09-19 | 2026-09-14 | secured | confirmed |
| CleanSpark, Inc. CLSK | 144A QIBs | 0% Convertible Senior Notes due 2032 | — | — | Q3 FY2026 10-Q (period ended 2026-06-30), filed 2026-08-06, acc 0001193125-26-338382, Note 9 Indebtedness | Convertible | 1,150 | 0.00% | 2025-11-13 | 2032-02-15 | unsecured | confirmed |
| CleanSpark, Inc. CLSK | Morgan Stanley & Co. LLC (representative of the initial purchasers, 144A / Reg S) | 7.875% Senior Secured Notes due October 1, 2031 (Sandersville GA, 175 MW; priced 9/18, closed 9/25) | Meta | Sandersville, Georgia release | Closing 8-K 9/25/26 (items 1.01, 2.03) and indenture EX-4.1, acc 0001193125-26-402944 | Bond | 2,276 | 7.875% | 2026-09-25 | 2031-10-01 | secured | confirmed |
| Cloud Capital (Realty Income JV) | Guggenheim Securities (sole structuring advisor, sole active bookrunner) +1 | Cloud Capital 2024-1 ABS notes, $1.325B (four stabilized data centers) | — | — | Cloud Capital release 2024-12-05 | Bond | 1,325 | 5.781% | 2024-12-05 | 2049-11-22 | secured | confirmed |
| Cloud Capital (Realty Income JV) | Guggenheim Securities (sole structuring advisor, sole active bookrunner) +2 | $520M master-trust ABS - 80 MW Northern Virginia hyperscale data center | — | Ashburn and Sterling, Virginia press | Cloud Capital release 7/29/26 | Bond | 520 | 5.51% | 2026-07-29 | 2056-07-17 (legal final) | secured | confirmed |
| CloudHQ | Guggenheim Securities, LLC (structuring agent, per the ABS-15G) +1 | $1.4B ABS - two Ashburn hyperscale data centers (first dual-AAA DC ABS) | Meta, Microsoft press | Ashburn and Sterling, Virginia press +1 | SEC Form ABS-15G, Zaft Rudaba LLC (c/o CloudHQ LLC), Ex-99.1 (2026-04-07) | Bond | 1,400 | 5.049% | Priced ~2026-04 (closed ~end April, press) | 2031-04-15 | secured | confirmed |
| Cologix (Stonepeak) | Deutsche Bank Securities (lead bank; structuring agent per ABS-15G) | Scalelogix Secured Data Center Revenue Term Notes, Series 2025-1, $525M (COL4 Columbus) | — | — | Cologix release 2025-07-21 | Bond | 525 | 5.673% | 2025-07-21 | 2055-07-25 | secured | confirmed |
| Cologix (Stonepeak) | Deutsche Bank (lead structuring advisor, lead left active placement agent) +2 | Cologix US Secured Data Center Revenue Term Notes, Series 2026-1 and 2026-2, $1.351B | — | — | IGM US Structured Finance Monitor Weekly 2026-02-06, ABS Priced (press) | Bond | 1,351 | Undisclosed | 2026-02-02 | 2058-02 | secured | confirmed |
| Cologix (Stonepeak) | La Caisse (sole lender) | CAD 240M senior financing, MTL8 data center, Montreal (La Caisse) | — | — | Cologix release 2026-03-05 | Credit facility | 176.2 | Undisclosed | 2026-03-05 | — | other | confirmed |
| Compass Datacenters | Guggenheim Securities (structuring agent, ABS-15G) | Series 2025-1 (A2, A3) and 2025-2 (A2) ABS notes, $885M, first Issuer III issuance | — | — | Form ABS-15G, Compass Datacenters, LLC (issuing entities Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III Limited Partnership), acc 0001193125-25-018463, 2025-01-31, Ex. 99.1 KPMG agreed-upon procedures report | Bond | 885 | 5.656% | 2025-02 | 2050-02-25 | secured | confirmed |
| Compass Datacenters | Guggenheim Securities (structuring agent, ABS-15G) | Series 2025-3 ABS notes (Issuer III; size not disclosed) | — | — | ABS-15G, Compass Datacenters, LLC, acc 0001193125-25-154697 (2025-07-02) | Bond | — | 5.286% | 2025-07 | 2050-07-25 | secured | confirmed |
| Compass Datacenters | Guggenheim Securities (structuring agent, ABS-15G) +2 | Series 2025-2 Class A-1 ABS notes, $326M (five Red Oak, TX buildings) | — | — | Form ABS-15G, Compass Datacenters A, LLC (issuing entity Compass Datacenters Issuer II, LLC), acc 0001193125-25-248909, 2025-10-23, Ex. 99.1 KPMG agreed-upon procedures report | Bond | 326 | 4.926% | 2025-10 | 2050-11-25 | secured | confirmed |
| Compass Datacenters | Bookrunners not named in press coverage | Series 2026-1 ABS, ~$830M (six hyperscale data centers, Phoenix and Toronto) | — | Phoenix, Arizona press +1 | Bisnow 2026-02-10 (Moody's presale figures) | Bond | 830 | 4.897% | 2026-02 | 2031-02 | secured | confirmed |
| Compass Datacenters | Bookrunners not named in press coverage +1 | Series 2026-2 ABS notes, $413M in three tranches | — | — | DCD 7/27/26 (press) | Bond | 413 | 5.715% | 2026-07-27 | 2056-07-25 | secured | confirmed |
| Core Scientific, Inc. CORZ | Lessors (not named) | Finance leases | — | — | Q2-26 10-Q Note 6 Leases, filed 2026-07-28, acc 0001839341-26-000014 | Lease | 1.92 | Undisclosed | — | Various | other | confirmed |
| Core Scientific, Inc. CORZ | 144A; U.S. Bank Trust Co. (trustee) | 3.00% Convertible Senior Notes due 2029 | — | — | 8-K 8/19/24 | Convertible | 460 | 3.00% | 2024-08-19 | 2029-09-01 | unsecured | confirmed |
| Core Scientific, Inc. CORZ | 144A; U.S. Bank Trust Co. (trustee) | 0.00% Convertible Senior Notes due 2031 | — | — | 8-K 12/5/24 | Convertible | 625 | 0.00% | 2024-12-05 | 2031-06-15 | unsecured | confirmed |
| Core Scientific, Inc. CORZ | Morgan Stanley Senior Funding, Inc. (admin + collateral agent; initial $500M) +1 | Delayed-Draw Bridge Credit Agreement ($1.0B 364-day, MS/JPM) | — | — | 8-K 3/6/26 (origination) | Credit facility | 1,000 | SOFR +2.50% | 2026-03-04 | 2027-03-03 | secured | confirmed |
| Core Scientific, Inc. CORZ | Morgan Stanley (lead) +2 | 7.750% Senior Secured Notes due 2031 | CoreWeave | Austin, Texas +5 | 8-K 5/6/26 with indenture | Bond | 3,300 | 7.75% | 2026-05-06 | 2031-05-15 | secured | confirmed |
| Core Scientific, Inc. CORZ | JPMorgan Chase Bank, N.A. (admin + collateral agent; $25M revolver, $125M L/C) +3 | JPMorgan Revolving Credit + Letter of Credit Facility | — | — | 8-K 8/27/26 (Credit Agreement filed as EX-10.1) | Credit facility | 600 | SOFR +1.75% | 2026-08-25 | 2029-08-25 | secured | confirmed |
| Core Scientific, Inc. CORZ | — | Planned project-level bonds for the AMD and Neocloud build-out | — | — | Q3-26 10-Q Note 10 (Liquidity), Note 6 (AMD Leases) and MD&A Liquidity, acc 0001839341-26-000030 | Bond | — | Undisclosed | Planned (Q3-26 10-Q, 2026-11-05) | Undisclosed | other | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Wells Fargo Bank, N.A. (administrative agent and collateral agent) +1 | 2024 Revolving Credit Facility, $800M (Wells Fargo agent) | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Notes 9 and 17 | Credit facility | 800 | SOFR +3.00% | 2024-01-12 | 2026-12 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Wells Fargo Bank, N.A. (lender) +1 | 2024 Term Loan, $1.999B two-year (Wells Fargo, TD; repaid) | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Note 9 | Credit facility | 1,999 | SOFR +3.75% | 2024-01-12 | 2026-01 | other | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Affiliates of TD Securities, BMO Capital Markets and Scotia Capital (VFN holders, per 424B4) +1 | Series 2024-1 Secured Data Center Revenue Variable Funding Notes, $100M revolving | — | — | Csquare, Inc. 424B4 2026-07-16 (acc 0001104659-26-084293), MD&A Debt and Use of Proceeds | Credit facility | 100 | SOFR +2.45% | 2024-10-17 | 2054-10 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | TD Securities, Wells Fargo Securities (specified parties in the ABS-15G accountants' report) +2 | Secured Data Center Revenue Term Notes, Series 2024-1 and 2024-2, $885M | — | — | Csquare, Inc. 424B4 2026-07-16 (acc 0001104659-26-084293), debt section and Note 10 | Bond | 885 | 5.20% | 2024-10-17 | 2054-10 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Csquare's Parent (related party) | $646.0M related-party bridge loan from the Parent (March 2025; repaid) | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Note 14 | Other | 646 | Undisclosed | 2025-03-11 | — | other | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Wells Fargo Securities (lead structuring advisor, press) +3 | Secured Data Center Revenue Term Notes, Series 2025-1 and 2025-2, $940M | — | — | Csquare, Inc. 424B4 2026-07-16 (acc 0001104659-26-084293), debt section and Notes 10 and related-party bridge loan | Bond | 940 | 5.50% | 2025-03-20 | 2055-03 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | TD Securities (lead structuring advisor, press) +3 | Secured Data Center Revenue Term Notes, Series 2025-3 and 2025-4, $815M | — | — | Csquare, Inc. 424B4 2026-07-16 (acc 0001104659-26-084293), debt section and Note 10 | Bond | 815 | 5.00% | 2025-08-21 | 2055-08 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Wilmington Trust, N.A. (trustee) | Assumed 2021 Indenture ABS notes (Series 2020-2, 2021-1, 2022-1), $523M | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Notes 9 and 17 | Bond | 523 | 2.50% | 2025-10-01 (assumed; series issued 2020 to 2022) | 2052-04 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Wilmington Trust, N.A. (trustee) | Assumed Series 2020-1 ABS notes, 2021 Indenture, $220.0M (repaid) | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Note 9 | Bond | 220 | Undisclosed | 2025-10-01 (assumed; series issued 2020) | — | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Scotia Capital, TD Securities, Wells Fargo Securities, BMO Capital Markets (specified parties in the ABS-15G accountants' report; Scotia delivered the data file) +2 | Secured Data Center Revenue Term Notes, Series 2025-5, 2025-6 and 2025-7, $1.1B | — | — | Csquare, Inc. 424B4 2026-07-16 (acc 0001104659-26-084293), debt section and Note 10 | Bond | 1,100 | 5.30% | 2025-12-04 | 2055-12 | secured | confirmed |
| Csquare, Inc. (Centersquare) CSQR | Affiliate of the Parent (related party, per the 10-Q) | $75M 3.54% unsecured promissory note due 2029 (related party; repaid) | — | — | Csquare, Inc. Q2-26 10-Q (acc 0002105398-26-000004) Notes 14 and 17 | Other | 75 | 3.54% | 2026-05-14 | 2029-05-14 | unsecured | confirmed |
| CW Nest Property Owner LLC (CoreWeave Kenilworth JV) | GLAS USA LLC (administrative and collateral agent) +2 | $555M delayed draw term loan, 11 NEST data-center conversion (Kenilworth, NJ) | CoreWeave | — | Union County, NJ mortgage, Inst# 85039, Book 15718 Page 2328 (dated 2025-11-03, recorded 2025-11-10) | Credit facility | 555 | SOFR +3.75% | 2025-11-03 | 2028-11 | secured | confirmed |
| CyrusOne (KKR / GIP) | Citigroup Global Markets (structuring agent) +1 | Series 2024-2 and 2024-3 Class A-2 green ABS notes, $1.175B | — | — | CyrusOne release 2024-05-15 | Bond | 1,175 | 4.50% | 2024-05-15 | 2049-05-20 | secured | confirmed |
| CyrusOne (KKR / GIP) | Morgan Stanley (lead manager, bookrunner) +1 | $687.1M single-asset single-borrower CMBS loan, DFW1 Carrollton TX (CONE Trust 2024-DFW1) | — | — | CyrusOne release 2024-07-15 | Bond | 687.1 | SOFR +1.64% | 2024-07-15 | 2041-08-15 (certificate legal final) | secured | confirmed |
| CyrusOne (KKR / GIP) | MUFG Securities Americas (structuring agent, ABS-15G) +1 | Series 2025-1 Class A-2 ABS, $575M (13 data centers in Northern Virginia, San Antonio and Houston) | — | — | Form ABS-15G, CyrusOne LP (issuing entity CyrusOne Data Centers Issuer I LLC), acc 0001193125-25-011925, 2025-01-24, Ex. 99.1 KPMG agreed-upon procedures report dated 2025-01-22 | Bond | 575 | 5.91% | 2025-02 | ~2030 | secured | confirmed |
| CyrusOne (KKR / GIP) | Banking and institutional lending partners (not named in release) | Revolving Credit Facility, about $3.8B (upsized and extended March 2026) | — | — | CyrusOne release 2026-03-24 | Credit facility | 3,800 | Undisclosed | 2026-03-24 (upsize and extension; original signing date not in the release) | — | other | confirmed |
| CyrusOne (KKR / GIP) | Banking and institutional lending partners (not named in release) | U.S. Term Loan, $4.2B (upsized and extended March 2026) | — | — | CyrusOne release 2026-03-24 | Credit facility | 4,200 | Undisclosed | 2026-03-24 (upsize and extension; original signing date not in the release) | — | other | confirmed |
| CyrusOne (KKR / GIP) | Wells Fargo Bank, Barclays Capital Real Estate, Citi Real Estate Funding, Goldman Sachs, Morgan Stanley (loan sellers, press) +1 | $1.05B single-asset single-borrower CMBS loan, DFW3 and DFW4, Allen TX (CONE 2026-DFW3) | — | — | Kirkland & Ellis release 2026-05-20 | Bond | 1,050 | 5.751% | 2026-05-20 | ~2031 | secured | confirmed |
| DATA4 (Brookfield) | Societe Generale (underwriter, bookrunner, senior mandated lead arranger and hedge provider, per its own client note) +1 | EUR 3.3B financing: EUR 2.2B StableCo term debt + EUR 1.1B incremental GrowthCo capex facility | — | — | DATA4 press release (PDF on data4group.com), Paris, 2025-01-28 | Credit facility | 3,365 | Undisclosed | 2025-01-13 | — | other | confirmed |
| DataBank | Deutsche Bank Securities (sole structuring agent, joint active bookrunner) +2 | Series 2024-1 Secured Data Center Revenue Term Notes, $456M (green) | — | — | DataBank release 2024-02-15 (PR Newswire) | Bond | 456 | 5.30% | 2024-02-15 | — | secured | confirmed |
| DataBank | Deutsche Bank Securities (structuring agent, joint active bookrunner) +2 | $1.07B hyperscale master-trust securitization (green) | — | Atlanta, Georgia release +2 | DataBank release 9/24/25 | Bond | 1,067 | 5.18% | 2025-09-24 | 2055-09-27 (legal final) | secured | confirmed |
| DataBank | TD Securities (administrative agent, joint lead arranger and joint bookrunner) +2 | $1.6B green development credit facility (upsized from $725M; TD agent) | — | — | DataBank release 2025-10-17 (PR Newswire) | Credit facility | 1,600 | Undisclosed | 2025-10-17 | — | other | confirmed |
| DataBank | Guggenheim Securities (specified party, ABS-15G) | Series 2026-1 ABS, $665M (36 colocation data centers, 14 U.S. markets) | — | — | Form ABS-15G, DataBank Holdings Ltd. (issuing entity DataBank Issuer, LLC), acc 0001140361-26-000486, 2026-01-07, Ex. 99.1 Deloitte agreed-upon procedures report dated 2026-01-05 (same exhibit in acc 0001140361-26-000488) | Bond | 665 | 5.811% | 2026-01 | — | secured | confirmed |
| DataBank | MUFG Bank, Ltd. (administrative agent, coordinating lead arranger and sole bookrunner of the bank syndicate from the April 2026 announcement) +4 | $2.65B Red Oak campus construction financing (upsized from $2.0B) | Oracle | Red Oak, Texas press +1 | DataBank release 2026-06-15 (PRNewswire). DataBank release 2026-04-21 (PR Newswire) for the original $2.0B loan. | Credit facility | 2,650 | Undisclosed | 2026-04-21 | 2031-03-06 | other | confirmed |
| DataBank | Citizens Bank, N.A. (lead) +1 | $800M corporate revolving credit facility due 2031 (Citizens lead) | — | — | DataBank release 2026-06-15 (PR Newswire) | Credit facility | 800 | Undisclosed | 2026-06-15 | 2031 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Hong Kong term loan, 3M HIBOR + 1.62%, due 2027 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 193.4 | 3-month HIBOR + 1.62% | 2022 | 2027 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Hong Kong term loan, 3M HIBOR + 1.975%, due 2027 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 202.3 | 3-month HIBOR + 1.975% | 2023 | 2027 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Indonesia term loan, IndONIA + 2.75%, due 2031 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 297.3 | IndONIA + 2.75% | 2025 | 2031 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Mezzanine debt, 9.75% fixed, due 2032 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 249.2 | 9.75% | 2025 | 2032 | other | confirmed |
| DayOne Data Centers | Maybank Investment Bank Berhad (party to the common terms agreement, F-1 Ex. 10.8) +3 | Johor Loan Facilities I: US$1.7B offshore term loan and MYR 7.5B Murabahah term facility (green) | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), Indebtedness: Johor Loan Facilities I | Credit facility | 3,500 | SOFR +2.20% | 2025-05-15 | ~2030 | secured | confirmed |
| DayOne Data Centers | Not named in the F-1 | Thailand term loan, 3M THOR + 2.70%, due 2030 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 207.6 | 3-month THOR + 2.70% | 2026 | 2030 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Finland term loan, EURIBOR + 2.50%, due 2028 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 116.4 | EURIBOR + 2.50% | 2026 | 2028 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Hong Kong term loan, 3M HIBOR + 2.00%, due 2029 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 44 | 3-month HIBOR + 2.00% | 2026 | 2029 | other | confirmed |
| DayOne Data Centers | Not named in the F-1 | Term loan, TIBOR + 2.50%, due 2027 | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), interim Note 6 Borrowings (long-term borrowings at 2026-06-30 and 2025-12-31) and MD&A, Other Loan Facilities | Credit facility | 49.9 | TIBOR + 2.50% | 2026 | 2027 | other | confirmed |
| DayOne Data Centers | DBS (joint MLA, bookrunner, green loan coordinator; facility and security agent) +2 | S$530M green term loan facilities, 20 MW Jalan Buroh data center (Singapore) | — | — | w.media, August 2026 (DayOne green loan from DBS, OCBC and UOB), citing the banks' release, linked | Credit facility | 414.7 | Undisclosed | 2026-08-11 | ~2030 | other | confirmed |
| DayOne Data Centers | Maybank Investment Bank Berhad (party to the amendment and restatement deeds, F-1 Ex. 10.8 to 10.11) +1 | Johor Loan Facilities I upsize: +US$2.4B offshore term loan and +MYR 5.5B Murabahah (amended and restated 2026-09-10) | — | — | DayOne Data Centers Limited Form F-1 (2026-10-05), Johor Loan Facilities I and Ex. 10.8 to 10.11 | Credit facility | 3,700 | SOFR +2.20% | 2026-09-10 | — | secured | confirmed |
| DayOne Data Centers | In talks: DBS, OCBC and UOB (press) | About HK$1.86B (US$237M) five-year loan, Kwai Chung data center, Hong Kong (sought) | — | — | Bloomberg via w.media, August 2026 (DayOne seeks US$240 million loan for Hong Kong data center) | Credit facility | 237.2 | Undisclosed | Reported 2026-08-21; not signed | Undisclosed | other | rumored |
| DDSP | CTBC Bank (MLA, underwriter, bookrunner) +3 | US$283M green financing, 45 MW built-to-suit hyperscale campus, Sedenak Tech Park (Johor) | — | — | Developing Telecoms 2026-06-01 | Credit facility | 283 | Undisclosed | 2026-06 | — | other | press |
| Digi Power X Inc. DGXX | Goldman Sachs (syndication, press) +1 | $200M debt financing commitment, Columbiana, AL AI data center (Goldman Sachs syndication) | — | — | DCD 'Digi Power X secures $200m in debt financing for Alabama data center project' (2026-10-14) | Credit facility | 200 | Undisclosed | Reported 2026-10-14 | — | other | press |
| Digital Drive project (PowerHouse Data Centers / Chirisa Technology Parks; Blue Owl equity) | Goldman Sachs (lead, press) +2 | $1.1B five-year notes (priced 9/23; CoreWeave lease) | CoreWeave press | Chesterfield County, Virginia press | Bloomberg 'CoreWeave-Tied Data Center Raises $1.1 Billion in Junk Bonds' (2026-09-23, via briefs.co) | Bond | 1,100 | 8.875% | 2026-09-23 | 2031-09-30 | other | press |
| Digital Edge (Stonepeak) | Korean and international financial institutions (not named) | KRW 800B green loan, SEL3 (60 MW), Bupyeong-gu, Incheon | — | — | Digital Edge release 2025-07-10 | Credit facility | 582.6 | Undisclosed | 2025-07-10 | — | other | confirmed |
| Digital Edge (Stonepeak) | BNP Paribas, Clifford Capital, Crédit Agricole CIB, DBS, Mizuho, OCBC, PT Bank Central Asia Tbk, SMBC (mandated lead arrangers) +1 | US$665M green loan, CGK Campus phase 1 (Bekasi, Indonesia) | — | — | Milbank release 2026-03-20 (not linked) | Credit facility | 665 | Undisclosed | 2026-03-16 | — | other | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Not named | Other unsecured loan | — | — | FY25 10-K Note 10 | Credit facility | 18.2 | 11.65–14.50% | — | Not stated | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Not named | Westin Building Exchange mortgage (Seattle) | — | Seattle, Washington | FY25 10-K Note 10 | Credit facility | 135 | 3.29% | 2017-06-29 | 2027-07-11 | secured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.300% GBP notes due 2029 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 464.2 | 3.30% | 2017-07 | 2029-07-19 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.700% USD notes due 2027 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 1,000 | 3.70% | 2017-08 | 2027-08-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 4.450% USD notes due 2028 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 650 | 4.45% | 2018-06 | 2028-07-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.750% GBP notes due 2030 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 729.4 | 3.75% | 2018-10 | 2030-10-17 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.600% USD notes due 2029 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 900 | 3.60% | 2019-06 | 2029-07-01 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 1.125% EUR notes due 2028 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 571.1 | 1.125% | 2019-10 | 2028-04-09 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 1.500% EUR notes due 2030 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 856.6 | 1.50% | 2020-01 | 2030-03-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 1.250% EUR notes due 2031 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 571.1 | 1.25% | 2020-06 | 2031-02-01 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 1.000% EUR notes due 2032 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 856.6 | 1.00% | 2020-09 | 2032-01-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 0.625% EUR notes due 2031 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 1,142 | 0.625% | 2021-01 | 2031-07-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Reg S noteholders | 0.200% CHF notes due 2026 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 340.2 | 0.20% | 2021-07 | 2026-12-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Reg S noteholders | 0.550% CHF notes due 2029 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 334 | 0.55% | 2021-07 | 2029-04-16 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 1.375% EUR notes due 2032 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 856.6 | 1.375% | 2022-01 | 2032-07-18 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Reg S noteholders | 1.700% CHF notes due 2027 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 185.6 | 1.70% | 2022-03 | 2027-03-30 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Syndicate; Citibank (admin) | Euro Term Loan | — | — | 10-Q Q3 2026 (Note 9, Debt of the Operating Partnership) | Credit facility | 424.9 | weighted average 3.08% (term loa… | 2022-08-11 | 2027-08-11 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 5.550% USD notes due 2028 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 900 | 5.55% | 2022-09 | 2028-01-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.875% EUR notes due 2033 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 970.9 | 3.875% | 2024-09 | 2033-09-13 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Syndicate; Citibank (admin) | Global Revolving Credit Facility (multicurrency) | — | — | 10-Q Q3 2026 (Note 9, Debt of the Operating Partnership) | Credit facility | 4,200 | Index + 77.5 bps | 2024-09-24 | 2029-01-24 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | SMBC (admin), Mizuho, MUFG | Yen Revolving Facility | — | — | 8-K Sep 30, 2024 | Credit facility | 270 | TIBOR + 45 bps | 2024-09-24 | 2029-01-24 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | U.S. Bank (trustee) | 1.875% Exchangeable Senior Notes due 2029 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Convertible | 1,150 | 1.875% | 2024-11-12 | 2029-11-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.875% EUR notes due 2035 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 970.9 | 3.875% | 2025-01 | 2035-03-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.875% EUR notes due 2034 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 970.9 | 3.875% | 2025-06 | 2034-07-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 3.750% EUR notes due 2033 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 685.3 | 3.75% | 2025-11 | 2033-01-15 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 4.250% EUR notes due 2037 | — | — | 10-Q Q2 2026 (Note 8, Debt of the Operating Partnership) | Bond | 913.8 | 4.25% | 2025-11 | 2037-11-20 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Not named | Assumed construction loan (Carver JVs) | — | Ashburn and Sterling, Virginia +2 | Q2-26 10-Q, OP debt note fn (2) + Investments in Properties note (acc 0001104659-26-089296) | Credit facility | 725.6 | Undisclosed | 2026-06-30 | 2027-12-24 | secured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders (UBS, Deutsche Bank managers) | 1.6803% CHF notes due 2029 | — | — | 8-K 2026-10-06 Items 1.01/2.03 + EX-4.1 Terms and Conditions + EX-4.2 to EX-4.4 (acc 0001193125-26-415814) | Bond | 278.3 | 1.68% | 2026-10-06 | 2029-10-08 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders (UBS, Deutsche Bank managers) | 2.0600% CHF notes due 2032 | — | — | 8-K 2026-10-06 Items 1.01/2.03 + EX-4.1 Terms and Conditions + EX-4.2 to EX-4.4 (acc 0001193125-26-415814) | Bond | 228.9 | 2.06% | 2026-10-06 | 2032-10-06 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders (UBS, Deutsche Bank managers) | 2.4150% CHF notes due 2036 | — | — | 8-K 2026-10-06 Items 1.01/2.03 + EX-4.1 Terms and Conditions + EX-4.2 to EX-4.4 (acc 0001193125-26-415814) | Bond | 123.7 | 2.415% | 2026-10-06 | 2036-10-06 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Noteholders | 5.125% EUR notes due 2036 | — | — | 8-K 2026-10-09 Items 1.01/2.03 + EX-4.1 indenture (acc 0001193125-26-419168) | Bond | 1,142 | 5.125% | 2026-10-09 | 2036-10-09 | unsecured | confirmed |
| Digital Realty Trust, Inc./L.P. DLR | Not named | Teraco debt facilities | — | Ekurhuleni, South Africa release +4 | FY25 10-K Note 10 | Credit facility | 657.3 | Undisclosed | Assumed with Teraco stake | Several loans, 2026 to 2030 | secured | confirmed |
| Echelon Data Centres (Starwood Capital) | Morgan Stanley (mandated lead arranger) +1 | EUR 900M debt facility from Morgan Stanley and UOB (February 2024) | — | — | Starwood Capital release 2024-02-15 (PR Newswire) | Credit facility | 966.9 | Undisclosed | 2024-02-15 | — | other | confirmed |
| Echelon Data Centres (Starwood Capital) | Morgan Stanley | EUR 1.7B initial loan financing from Morgan Stanley (European platform) | — | — | Irish Times 2026-02-24 | Credit facility | 2,002 | Undisclosed | 2026-02-24 | — | other | press |
| EcoDataCenter (Areim) | Deutsche Bank Private Credit and Infrastructure | EUR 600M debt financing (Deutsche Bank Private Credit and Infrastructure) | CoreWeave | — | EcoDataCenter release 2025-09-09 (Mynewsdesk) | Credit facility | 704.6 | Undisclosed | 2025-09-09 | — | other | confirmed |
| EdgeCore Digital Infrastructure | MUFG (coordinating lead arranger, administrative agent) +4 | $1.9B Mesa campus green loan: limited-recourse senior secured term loan + LC facility | — | — | EdgeCore release 2024-01-04 (PR Newswire) | Credit facility | 1,900 | Undisclosed | 2024-01-04 | — | secured | confirmed |
| EdgeCore Digital Infrastructure | MUFG Bank (coordinating lead arranger and bookrunner; administrative agent, press) +2 | $440M limited-recourse senior secured green term loan, Silicon Valley (Santa Clara) campus | — | — | EdgeCore release 2024-03-13 ('EdgeCore Digital Infrastructure Announces Second Debt Financing Transaction of 2024') | Credit facility | 440 | Undisclosed | 2024-03-13 | — | secured | confirmed |
| EdgeCore Digital Infrastructure | MUFG (structuring agent, bookrunner) +2 | Secured Data Center Revenue Term Notes, Series 2025-1 (Class A-2 + Class B): $235M green ABS on PH01 | — | — | EdgeCore release 2025-07-24 | Bond | 235 | 4.45% | 2025-07-24 | 2030-07-25 | secured | confirmed |
| EdgeCore Digital Infrastructure | Apterra Infrastructure Capital, LLC (coordinating lead arranger; administrative agent) +2 | AS01 + AS02 construction financing - $1.5B limited-recourse term loans | — | Ashburn and Sterling, Virginia press +1 | EdgeCore release 2026-04-21 | Credit facility | 1,500 | Undisclosed | 2026-04-21 | Undisclosed | secured | confirmed |
| EdgeCore Digital Infrastructure | MUFG (sole structuring advisor, joint bookrunner) +3 | Secured data center revenue term notes: $521M green ABS on SV01 (Santa Clara) | — | — | EdgeCore release 2026-10-28 (via Black Ridge Research and citybiz) | Bond | 521 | Undisclosed | 2026-10-28 | — | secured | confirmed |
| eStruxture Data Centers (Fengate) | Guggenheim Securities (lead structuring advisor) +2 | Secured Data Center Revenue Term Notes, Series 2025-1: C$750M green ABS | — | — | eStruxture release 2025-07-30 | Bond | 543.1 | 5.894% | 2025-07-30 | — | secured | confirmed |
| eStruxture Data Centers (Fengate) | Scotiabank (underwriter) +1 | C$300M DevCo revolving credit facility (C$600M with accordion) | — | — | eStruxture release 2025-07-30 | Credit facility | 217.2 | Undisclosed | 2025-07-30 | — | other | confirmed |
| eStruxture Data Centers (Fengate) | Guggenheim Securities (sole structuring advisor, sole placement agent) | C$150M ABS upsize (green), second issuance from the eStruxture program | — | — | eStruxture release 2026-03-25 | Bond | 108.7 | Undisclosed | 2026-03-25 | — | secured | confirmed |
| Fermi Inc. FRMI | Seed noteholders (not named) | Seed Convertible Notes ($26.1M, 15% PIK; converted Aug 2025) | — | — | Fermi FY2025 10-K Note 7, acc 0002071778-26-000010 (Seed Convertible Notes) and Note 3 | Convertible | 26.1 | 15.00% | 2025-05 | 2030-05 | unsecured | confirmed |
| Fermi Inc. FRMI | Series A noteholders (not named) | Series A Convertible Notes ($75.5M, 15% PIK, turbine-secured; converted Aug 2025) | — | — | Fermi FY2025 10-K Note 7, acc 0002071778-26-000010 (Series A Convertible Notes) and Note 3 | Convertible | 75.5 | 15.00% | 2025-06 | 2030-06 | unsecured | confirmed |
| Fermi Inc. FRMI | MAD Energy Limited Partnership (seller and noteholder) | Series B Convertible Secured Note ($145.0M, 11% PIK, Firebird acquisition; converted Aug 2025) | — | — | Fermi FY2025 10-K Note 7, acc 0002071778-26-000010 (Series B Convertible Note | Convertible | 145 | 11.00% | 2025-07-29 | 2026-01-31 | secured | confirmed |
| Fermi Inc. FRMI | Macquarie Equipment Capital (lender) | Macquarie Term Loan ($100M senior secured bridge loan, Siemens turbine obligations) | — | — | Fermi 10-K FY2025, Note 7 (acc 0002071778-26-000010) | Credit facility | 100 | 1.00% | 2025-08-29 | 2026-08-29 | secured | confirmed |
| Fermi Inc. FRMI | MUFG Bank, Ltd. (administrative agent; sole lender at signing; a lender syndicate since the Oct 2026 amendment) | Turbine Warehouse Equipment Financing (MUFG) | — | Carson County, Texas | 8-K 2/10/26, agreement filed as EX-10.1, acc 0001213900-26-014270 | Credit facility | 500 | SOFR +4.00% | 2026-02-10 | 2027-08-10 | secured | confirmed |
| Fermi Inc. FRMI | Keystone National Group, LLC (agent) +2 | High Voltage Equipment Financing (Keystone Master Loan Agreement) | — | Carson County, Texas | 8-K 2/25/26, master loan agreement filed as EX-10.1, acc 0001213900-26-020399 | Credit facility | 120 | 12.90% | 2026-02-19 | 2031-08-19 | secured | confirmed |
| Fermi Inc. FRMI | Beal Bank USA (lender) +1 | Turbine Warehouse II Equipment Financing (Beal Credit Agreement, CLMG as agent) | — | Carson County, Texas | 8-K 3/27/26, agreement filed as EX-10.1, acc 0001213900-26-035482 | Credit facility | 165 | 12.00% | 2026-03-26 | 2028-12 | secured | confirmed |
| Fermi Inc. FRMI | YA II PN, Ltd. (Yorkville Advisors Global, LP) | Senior unsecured promissory note (Yorkville, up to $156.25M committed, stepping down) | — | — | Q2-26 10-Q filed 2026-08-14, acc 0002071778-26-000051, debt note (Promissory Note) | Credit facility | 156.3 | 0.00% | 2026-03-30 | 2027-09-30 | unsecured | confirmed |
| Fermi Inc. FRMI | 144A; U.S. Bank Trust Co. (trustee) | 5.00% Convertible Senior Notes due 2031 | — | — | 8-K, Items 1.01, 2.03 and 3.02 (event 2026-07-09, filed 2026-07-15), acc. 0001213900-26-078366 | Convertible | 431.3 | 5.00% | 2026-07-14 | 2031-07-15 | unsecured | confirmed |
| Flash Compute LLC (Abernathy JV) | Morgan Stanley (representative) +1 | 7.250% Senior Secured Notes due 2030 (Flash Compute JV) | Fluidstack Google backstop | Abernathy, Texas | 8-K 12/29/25 | Bond | 1,300 | 7.25% | 2025-12-29 | 2030-12-31 | secured | confirmed |
| Fleet Data Centers (Tract Capital) | Initial purchasers not named (Cahill Gordon & Reindel represented them) | 5.875% Senior Secured Notes due 2031 (SV RNO, Storey County, NV) | Nvidia press | — | Fleet Data Centers pricing release 2026-02-13 | Bond | 3,800 | 5.875% | 2026-02-13 | 2031-03-01 | secured | confirmed |
| Fleet Data Centers (Tract Capital) | Initial purchasers not named (Cahill Gordon & Reindel represented them) | 6.500% Senior Secured Notes due 2031 (PR RNO, Storey County, NV) | Nvidia press | — | Fleet Data Centers pricing release 2026-04-28 and closing release 2026-05-01 | Bond | 4,585 | 6.50% | 2026-04-28 | 2031-05-01 | secured | confirmed |
| Flexential (GI Partners) | Initial purchasers not named in accessible sources | Secured Data Center Revenue Term Notes, Series 2025-1 + 2025-2 ($800M green ABS) | — | — | Simpson Thacher release 2025-11-24 | Bond | 800 | 6.03% | 2025-11-13 | ~2030-10 | secured | confirmed |
| Flexential (GI Partners) | Deutsche Bank Securities (structuring agent, ABS-15G) | Secured Data Center Revenue Term Notes, 2026 series (about $1.4B ABS incl. variable funding notes) | — | — | Form ABS-15G, Flexential Corp. (issuing entity Flexential Issuer, LLC acc 0001140361-26-006248 | Bond | 1,400 | 6.00% | 2026-03 | 2031-03-25 | secured | confirmed |
| Flexential (GI Partners) | TD Securities (administrative agent, joint coordinating lead arranger, joint bookrunner) +3 | $800M development credit facility (TD agent; upsized from $500M target) | — | — | Flexential release 2026-08-18 (PR Newswire) | Credit facility | 800 | Undisclosed | 2026-08-18 | — | other | confirmed |
| Galaxy Digital Inc. GLXY | Note purchasers (private placement with transfer restrictions) | 3.00% Exchangeable Senior Notes due 2026 | — | — | Galaxy Q2-26 10-Q, Note 16 Loans and Notes Payable, acc 0001859392-26-000091 | Convertible | 500 | 3.00% | 2021-12-09 | 2026 | unsecured | confirmed |
| Galaxy Digital Inc. GLXY | Note purchasers (private placement with transfer restrictions) | 2.500% Exchangeable Senior Notes due 2029 | — | — | Galaxy Q2-26 10-Q, Note 16 Loans and Notes Payable, acc 0001859392-26-000091 | Convertible | 402.5 | 2.50% | 2024-11-25 | 2029 | unsecured | confirmed |
| Galaxy Digital Inc. GLXY | Deutsche Bank AG | Senior secured term loan facility, up to $1.4B (Helios Phase I; Credit Agreement 8/15/25) | CoreWeave | Dickens County, Texas | Q2-26 10-Q Note 16 Notes Payable / Credit Agreement, filed 2026-08-10, acc 0001859392-26-000091 | Credit facility | 1,400 | SOFR +4.75% | 2025-08-15 | 2028-08-15 | secured | confirmed |
| Galaxy Digital Inc. GLXY | 144A QIBs; The Bank of New York Mellon (trustee) | 0.50% Exchangeable Senior Notes due 2031 | — | — | Q2-26 10-Q Note 16 Notes Payable and MD&A liquidity, filed 2026-08-10, acc 0001859392-26-000091 | Convertible | 1,300 | 0.50% | 2025-10-30 | 2031-05-01 | unsecured | confirmed |
| Galaxy Digital Inc. GLXY | Morgan Stanley & Co. LLC (representative of the initial purchasers; purchase agreement 7/23/26) | 9.875% Senior Secured Notes due 2031 (Helios Phase II) | CoreWeave | Dickens County, Texas | 8-K 7/28/26 (Items 1.01/2.03 — completion of offering, indenture) | Bond | 3,507 | 9.875% | 2026-07-28 | 2031-08-01 | secured | confirmed |
| GI Partners (TechCore) | Barclays Capital Real Estate Inc. (mortgagee of record) +1 | $375M single-asset CMBS, 30 MW Elk Grove Village IL data center | — | Elk Grove Village, Illinois press | Cook County Clerk recorded mortgage, doc 2625710181 (recorded 2026-09-14) | Bond | 375 | 6.423% | 2026-09-09 | 2036-09 | secured | confirmed |
| Goodman Group GMG | Aareal Bank (lender; arranger, facility agent and security agent) | €160M acquisition loan, Frankfurt I Data Center (Mörfelden-Walldorf) | — | — | Aareal Bank release 2025-08-07 (lender), linked | Credit facility | 187 | Undisclosed | 2025-07 | — | secured | confirmed |
| Green Mountain (Azrieli Group) | Macquarie Capital Principal Finance (lead) | EUR 371M senior secured financing, 90 MW Hamar data center (Norway) | TikTok press | — | DLA Piper release 2025-04-02 (law firm | Credit facility | 400.8 | Undisclosed | 2025-04-02 | — | secured | press |
| Green Rocks JV (Green Mountain / KMW) | Helaba Landesbank Hessen-Thüringen (lead bank) +1 | €600M green loan, Green Rocks data center (Mainz) | — | — | Helaba release 2026-02-02 (lender | Credit facility | 710.4 | Undisclosed | 2026-02 | — | other | confirmed |
| Hut 8 Corp. HUT | Anchorage Lending CA, LLC | Anchorage equipment loan (ELSAs; restructured 2/2023, equitized 9/2024) | — | — | FY24 10-K (equitization) | Credit facility | 50 | 12.00% | 2022-03-31 | 2028-02-02 | secured | confirmed |
| Hut 8 Corp. HUT | Payee undisclosed | TZRC secured promissory note (assumed with King Mountain JV) | — | — | Q2-26 10-Q Note 9 | Credit facility | 96.8 | Lesser of WSJ prime + 12.0% or 1… | 2022-12-06 | 2027-04-08 | secured | confirmed |
| Hut 8 Corp. HUT | Coinbase Credit, Inc. (lender, collateral agent, administrative agent) | Coinbase Bitcoin-collateralized credit facility | — | — | 8-Ks 6/23/25 + 12/31/25 | Credit facility | 200 | 9.0% from 6/16/25 (Third A&R) | 2023-06-26 | 2026-06-16 | secured | confirmed |
| Hut 8 Corp. HUT | Coatue Tactical Solutions Lending Holdings AIV 3 LP | Coatue convertible note ($150M, 8.00% PIK-able) | — | — | 8-K 6/24/24 (issuance) | Convertible | 150 | 8.00% | 2024-06-28 | 2029-06-28 | unsecured | confirmed |
| Hut 8 Corp. HUT | Related party (unnamed) | SAFE (debt-classified) | — | — | Q2-26 10-Q Note 9 | Other | 3.5 | Undisclosed | 2025-02 | Converts on equity financing | other | confirmed |
| Hut 8 Corp. HUT | Two Prime Lending Limited | Two Prime revolver (undrawn) | — | — | Q1-26 10-Q Note 9 | Credit facility | 200 | 7.99% | 2025-08-25 | 364 days from first borrowing | secured | confirmed |
| Hut 8 Corp. HUT | 144A via J.P. Morgan (representative) +1 | 6.192% Senior Secured Notes due 2042 (River Bend LA, 245 MW project bond) | Fluidstack Google backstop | St. Francisville, Louisiana | 8-K 5/1/26 | Bond | 3,250 | 6.192% | 2026-04-30 | 2042-11-15 | secured | confirmed |
| Hut 8 Corp. HUT | FalconX Charlie, Inc. | FalconX BTC-collateralized term loan | — | — | Q1-26 10-Q Note 19 + Ex. 10.2 | Credit facility | 200 | 7.00% | 2026-05-01 | 2027-04-30 | secured | confirmed |
| Hut 8 Corp. HUT | 144A via J.P. Morgan (representative) +1 | 6.129% Senior Secured Notes due 2042 (Nueces County TX, 352 MW project bond) | NVIDIA press | Nueces County, Texas | 8-K 6/10/26 | Bond | 4,250 | 6.129% | 2026-06-09 | 2042-11-30 | secured | confirmed |
| Hut 8 Corp. HUT | JPMorgan Chase Bank, N.A. (admin + collateral agent; lead left arranger) +2 | JPMorgan Senior Secured Revolving Credit Facility ($1.07B) | — | — | 8-K 9/28/26 (Credit Agreement filed as EX-10.1 | Credit facility | 1,070 | SOFR +1.75% | 2026-09-24 | 2030-09-24 | secured | confirmed |
| Kao Data (Infratil / Legal & General / Goldacre) | Deutsche Bank (mandated lead arranger, sole underwriter) | £206M term debt facility with Deutsche Bank (accordion to £356M) | — | — | Kao Data release 2024-01-24 | Credit facility | 262.6 | Undisclosed | 2024-01-24 | — | other | confirmed |
| Keel Infrastructure Corp. (formerly Bitfarms Ltd.) KEEL | Macquarie Equipment Capital, Inc. (Macquarie Group Commodities and Global Markets) +1 | Panther Creek project debt facility (Macquarie; $100M committed of up to $300M; repaid Feb 2026) | — | — | Bitfarms 6-K Ex. 99.1, material change report 2025-10-10 | Credit facility | 100 | 8.00% | 2025-10-10 | 2027-04-01 | secured | confirmed |
| Keel Infrastructure Corp. (formerly Bitfarms Ltd.) KEEL | 144A; initial purchasers not named in the closing release +1 | 1.375% Convertible Senior Notes due 2031 | — | — | Bitfarms 6-K 2025-10-22, EX-99.1 material change report with the closing release, acc 0001213900-25-101210 | Convertible | 588 | 1.375% | 2025-10-21 | 2031-01-15 | unsecured | confirmed |
| Keel Infrastructure Corp. (formerly Bitfarms Ltd.) KEEL | 144A; initial purchasers not named in the 8-K +1 | 1.250% Convertible Senior Notes due 2032 | — | — | 8-K 2026-06-10, Items 1.01/2.03/3.02, with EX-4.1 Indenture and EX-99.1 closing release, acc 0001213900-26-067042 | Convertible | 458 | 1.25% | 2026-06-09 | 2032-01-15 | unsecured | confirmed |
| maincubes (DTCP) | Syndicate of eleven banks and one institutional fund (not named) | €1.775B committed platform debt facilities (€2.475B with accordion) | — | — | maincubes release 2026-01-13 | Credit facility | 2,069 | Undisclosed | 2026-01-13 | — | other | confirmed |
| Mainova WebHouse (BlackRock / Mainova) | ING +7 | €475M platform financing for Frankfurt-area data-center construction | — | — | KfW IPEX-Bank release 2024-11-18 | Credit facility | 500.3 | Undisclosed | 2024-11 | — | secured | confirmed |
| Meta / BlackRock "Sopaipilla" JV (El Paso, TX) | JPMorgan (syndication, press) +1 | 7.534% amortizing secured notes due 2048, El Paso JV (Sopaipilla) | Meta | El Paso, Texas release | AB Corporate Shares Form N-PORT (AB Corporate Income Shares), period 2026-07-31, acc 0001410368-26-098190 (holder filing: coupon, maturity, CUSIP) | Bond | 12,547 | 7.534% | 2026-07-27 | 2048-11-30 | secured | confirmed |
| Meta / Blue Owl "Hyperion" JV (Richland Parish, LA) | Morgan Stanley (exclusive FA to Meta + sole bookrunner) +2 | Senior secured notes, Hyperion data-center JV | Meta | Richland Parish, Louisiana press | Meta Q3-25 10-Q Note 13 (JV, leases, residual value guarantee) | Bond | 27,300 | 6.581% | Priced 2025-10-16; JV announced 2025-10-21 | 2049-05-30 | secured | confirmed |
| NEXTDC Limited NXT | Commonwealth Bank of Australia (MLAB, press) +3 | A$2.9B senior secured bank facilities A-C (common terms platform refinancing) | — | — | NEXTDC FY25 Annual Report and Appendix 4E, Note 15 Borrowings (NEXTDC investor site, lodged with the FY25 results on 2025-08-28). Press for the signing date and lenders: The Motley Fool Australia 2024-11-04 and MT Newswires via Tiger Brokers 2024-11-04. FY26 Annual Report, Notes 18(a) and 21 (2026-08-27). | Credit facility | 1,915 | Undisclosed | 2024-11-04 | 2031-12-03 | secured | confirmed |
| NEXTDC Limited NXT | ANZ (MLAUB) +5 | A$3.5B senior bank facilities D-G (upsized from A$2.2B underwritten) | — | — | NEXTDC 1H26 Interim Report (Reports and Accounts), Note 7 Borrowings, 2026-02-25 | Credit facility | 2,284 | Undisclosed | 2025-08-14 | 2032-12-03 | other | confirmed |
| NEXTDC Limited NXT | Noteholders (not named) | A$750M subordinated floating rate notes due 2030 | — | — | NEXTDC FY26 Annual Report, Note 18(b) Unsecured borrowings and Note 18(d) Fair value | Bond | 516.5 | Priced at a margin of 3.50% over… | 2026-04 | 2030-04-30 | unsecured | confirmed |
| NEXTDC Limited NXT | Investors in the hybrid securities offer (not named) +1 | A$700M unsecured subordinated hybrid securities, Series B delayed draw (undrawn) | — | — | NEXTDC FY26 Annual Report, Note 18(b) Unsecured borrowings and Note 18(d) Fair value | Bond | 500.4 | 7.50% | 2026-04 | Undisclosed | unsecured | confirmed |
| NEXTDC Limited NXT | Investors in the hybrid securities offer (not named) +1 | A$1.0B unsecured subordinated hybrid securities, Series A (7.50% to the first call in May 2031) | — | — | NEXTDC FY26 Annual Report, Note 18(b) Unsecured borrowings and Note 18(d) Fair value | Bond | 714.9 | 7.50% | 2026-05-15 | 2126-05-15 | unsecured | confirmed |
| NEXTDC Limited NXT | ANZ (MLAB, press) +7 | A$2.3B senior bank facilities H-K (upsized from A$1.8B) | — | — | NEXTDC FY26 Results Presentation, p.12 senior debt table, 2026-08-27 | Credit facility | 1,598 | Undisclosed | 2026-07-10 | 2033-09 | other | confirmed |
| Nexus Data Centers | Eagle Point Credit Management (lead, per the Eagle Point release title) +1 | Senior secured HoldCo term loan, Nexus Apex Holdings (Eagle Point lead; size not disclosed) | — | — | Eagle Point news page (release title 2026-03-12) | Credit facility | — | Undisclosed | 2026-03-12 | 2029-03-02 | secured | press |
| Nexus Data Centers | Eagle Point Credit Management (largest investor in the mezzanine loan; other lenders not named, per Private Equity Wire relaying Bloomberg) | ~$1.3B private-credit mezzanine loan (Eagle Point Credit Management; Anthropic-leased campus, Google guarantee on the senior debt) | Anthropic press | Hubbard, Texas press | Bloomberg 'Anthropic-Tied Data Center Inks $1.3 Billion Private Credit Loan' (2026-08-19, via Financial Advisor magazine) | Credit facility | 1,300 | Undisclosed | 2026-08-19 | — | other | press |
| Nexus Data Centers | Morgan Stanley (leading the bank group) +1 | $15.6B construction financing: $14.2B one-year term facility plus $1.4B five-year revolver (Morgan Stanley-led; bond takeout delayed) | Anthropic press Google guarantee | Hubbard, Texas press | Evercore Q3 2026 earnings release (8-K Ex. 99.1, filed 2026-10-28, acc 0001628280-26-067716) | Credit facility | 15,600 | Undisclosed | Funded by 2026-10-28 (Bloomberg) | — | other | confirmed |
| Novva Data Centers / CIM Group | J.P. Morgan +1 | $2B financing - West Jordan UT AI campus expansion | redacted | West Jordan, Utah release | CIM Group / Novva release 3/5/25 | Credit facility | 2,000 | Undisclosed | 2025-03-05 | Undisclosed | other | confirmed |
| Patmos Hosting Inc. | PACE Loan Group (originator) | $100M C-PACE financing, Patmos AI Campus (Kansas City, MO) | Nebius press | — | Patmos release 2026-01-12 | Credit facility | 100 | Undisclosed | 2026-01-12 | — | secured | confirmed |
| PolarDC Group Limited (H.I.G. Capital portfolio company) | Nordic bond investors +2 | €800M senior secured Nordic bond due 2030 (Norway AI data centers; record Nordic high-yield print) | Crusoe, CoreWeave release | Drangedal, Norway +2 | H.I.G. Capital / Polar release 'Polar Completes Record-breaking EUR 800 million Nordic Bond Issue' (PRNewswire 302786449, 2026-06-01) | Bond | 930 | 3M Euribor + 600 bp at issue (~8… | 2026-05-28 | 2030-06-04 | secured | confirmed |
| Prime Data Centers LLC | Banco Santander (sole manager) | $900M 7.5% senior secured notes due 2031 (Elk Grove Village, IL; CoreWeave 15-year lease) | CoreWeave press | Elk Grove Village, Illinois press | Bloomberg 'CoreWeave Data Center Raises $900 Million in Junk-Bond Sale' (2026-06-02, via investing.com) | Bond | 900 | 7.50% | 2026-06-02 | 2031 | secured | press |
| Prime Data Centers LLC | Undisclosed | $500M Norwegian-law bond (launched at $600M, cut to $500M, sale postponed) | — | — | Bloomberg 'Prime Data Centers Delays Sale of $500 Million Nordic Bond' (2026-07-13). Bloomberg 'AI Borrowers Are Pushing a Niche Credit Market to Its Limits' (2026-07-22, via swissinfo.ch). | Bond | 500 | Undisclosed | Launched July 2026; postponed 2026-07-13 | — | other | press |
| Princeton Digital Group (Warburg Pincus) | Maybank (joint green loan coordinator) +2 | RM1.276B (~US$280M) green loan, JH1 Johor phase 1 (52 MW) | — | — | PDG release 2024-05-07 | Credit facility | 280 | Undisclosed | 2024-05-07 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | SMBC (sole green loan coordinator, agent, security agent and account bank) +1 | US$95M green loan, SG1 data center (central Singapore) | — | — | PDG release 2024-06-05 (Princeton Digital Group Secures USD95 Million Green Loan For Its Data Center In Singapore) | Credit facility | 95 | Undisclosed | 2024-06-05 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | Not named in the release | US$800M project financing, Mumbai, Langfang and Tokyo campuses (May 2025) | — | — | PDG release 2025-05-13 (Princeton Digital Group Raises USD 1.2 Billion in Financing) | Credit facility | 800 | Undisclosed | 2025-05-13 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | Barclays (2025 and 2026) +6 | US$750M HoldCo sustainability-linked loan (US$400M May 2025, upsized by US$350M March 2026) | — | — | PDG release 2025-05-13 (Princeton Digital Group Raises USD 1.2 Billion in Financing) | Credit facility | 750 | Undisclosed | 2025-05-13 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | Axis Bank +2 | ~US$160M green loans, MU1 data-center campus (Navi Mumbai) | — | — | PDG release 2025-07-30 | Credit facility | 160 | Undisclosed | 2025-07-30 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | DBS (underwriter) +4 | US$456M green syndicated facility, JC3 campus (Indonesia, 120 MW) | — | — | PDG release 2026-05-07 (PDG Raising ~USD 856 Million Debt for its Hyperscale Data Center Expansion in Indonesia) | Credit facility | 456 | Undisclosed | 2026-05-07 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | Affin Bank (underwriter) +5 | ~US$1.3B (~RM5.1B) green financing, JH1 Johor campus (six banks) | — | — | PDG release 2026-11-04 ('PDG Secures ~USD 1.3 Billion for JH1 Campus in Johor') | Credit facility | 1,300 | Undisclosed | 2026-11-04 | — | other | confirmed |
| Princeton Digital Group (Warburg Pincus) | PT Bank DBS Indonesia (green loan coordinator) +1 | US$105M loan converted to green financing, JC2 data center campus (Jakarta, 22 MW) | — | — | PDG release 2025-03-13 (Princeton Digital Group Converts USD 105 Million Loan into Green Financing for Indonesia Data Center) | Credit facility | 105 | Undisclosed | Converted to green financing 2025-03-13; original loan date not disclosed | — | other | confirmed |
| Project Jupiter (Stargate NM) | ~20-bank group; SMBC, BNP Paribas, Goldman Sachs, MUFG admin agents (press) +2 | $18B project loan - Jupiter campus (Stargate) | Oracle, OpenAI press | Doña Ana County, New Mexico | Bloomberg-derived press (loan, pricing) | Credit facility | 18,000 | SOFR +2.50% | Reported 2025-11-10 | 2029-11-09 | other | press |
| Pure DC (Oaktree-backed; UK data-center developer) | SMBC +4 | €1.3B committed senior project debt, Seinajoki (Finland) AI campus Phase I (bank financing after an abandoned ~€1B Nordic bond) | Microsoft press | Seinäjoki, Finland release | Pure DC release 'Pure DC Secures Additional EUR 1.3 Billion to Accelerate Growth of One of Europe's Largest AI Campuses' (GlobeNewswire, 2026-07-21) | Credit facility | 1,484 | Undisclosed | 2026-07-21 | — | secured | confirmed |
| Pure DC (Oaktree-backed; UK data-center developer) | Citigroup Global Markets (new lender; "leading role" per its quote) +5 | $780M Platform Growth Facility, corporate level (~$1.9B with accordion) | — | — | Pure DC release 'Pure DC announces $2 billion financing framework to accelerate growth across Europe and the Middle East' (2026-11-04, also on GlobeNewswire) | Credit facility | 780 | Undisclosed | 2026-11-04 | — | other | confirmed |
| Pure DC (Oaktree-backed; UK data-center developer) | SMBC (arranger and original lender; lender counsel Ashurst, 2026-01-14) +2 | $2.15B facility secured against the Dublin and Amsterdam campuses (syndicated within three months) | Microsoft press | Dublin, Ireland release +1 | Pure DC release 'Pure DC Secures $2.7 Billion to Accelerate AI Infrastructure Growth Across Europe and the Middle East' (GlobeNewswire, London, 2026-05-28) | Credit facility | 2,150 | Undisclosed | Signed by 2026-01-14 (lender counsel Ashurst); announced 2026-05-28 after syndication | — | secured | confirmed |
| QTS Data Centers (Blackstone) | Goldman Sachs (lead; depositor and loan seller affiliates) +1 | BX 2024-VLT4 single-borrower CMBS: $1.4B floating-rate loan on five mortgaged properties | — | — | Goldman Sachs Asset Management, 'Commercial Observer - Power Finance 2025' (2025-06-17, lender page: size, date, assets) | Bond | 1,400 | Undisclosed | 2024-05 | 2029-07 | secured | confirmed |
| QTS Data Centers (Blackstone) | Wells Fargo (depositor and loan seller) +1 | BX 2024-VLT5 single-borrower CMBS: $755M loan on three Northern Virginia data centers | — | — | ABS-15G, Wells Fargo Commercial Mortgage Securities, Inc., Ex. 1 KPMG agreed-upon procedures report (2024-10-02) | Bond | 755 | Undisclosed | 2024-10 | — | secured | confirmed |
| QTS Data Centers (Blackstone) | Not named in accessible sources | $3.522B construction financing, Fayetteville, GA buildings DC9 and DC10 | — | — | Proximo, 2024-10-23 (paywalled, not linked) | Credit facility | 3,522 | Undisclosed | 2024-10-23 | — | other | press |
| QTS Data Centers (Blackstone) | Goldman Sachs (lead; loan seller) +9 | BX 2025-VLT6 single-borrower CMBS: $2.05B floating-rate loan on four data centers (Sandston, VA and Atlanta) | — | — | ABS-15G/A, GS Mortgage Securities Corporation II, Ex. 1 KPMG agreed-upon procedures report (2025-02-11) | Bond | 2,050 | Undisclosed | 2025-02 | 2027-03-15 | secured | confirmed |
| QTS Data Centers (Blackstone) | Deutsche Bank Securities (named in the ABS-15G; role not stated) | Series 2025-1 data center ABS term notes, Class A-2 + Class B (Hillsboro, OR; first QTS Issuer ABS I issuance) | — | — | ABS-15G, QTS Hillsboro Holding I, LLC for QTS Issuer ABS I, LLC, Ex. 99.1 Deloitte agreed-upon procedures report (acc 0001140361-25-019986, 2025-05-21) | Bond | — | 5.439% | 2025-06 | 2030-05 | secured | confirmed |
| QTS Data Centers (Blackstone) | Morgan Stanley +7 | BX 2025-VLT7 single-borrower CMBS: $1.5B floating-rate loan on two data centers (Atlanta, Sandston VA; 138 MW) | — | — | ABS-15G, Morgan Stanley Capital I Inc., Ex. 1 Ernst & Young agreed-upon procedures report (2025-06-24) | Bond | 1,500 | Undisclosed | 2025-07 | 2027-07-15 | secured | confirmed |
| QTS Data Centers (Blackstone) | Private placement investors (not named) | About $1.65B privately placed high-grade bonds, 5-, 7- and 10-year (August 2025) | — | — | Bloomberg 2025-08-13 via Bloomberg Law ('Blackstone's QTS Raises $1.65 Billion of Debt for Data Centers' | Bond | 1,650 | Undisclosed | 2025-08-13 | ~2030 to ~2035 | other | press |
| QTS Data Centers (Blackstone) | Deutsche Bank Securities (arranger; named in the ABS-15G) +2 | Series 2025-1 data center ABS term notes, Class A-2 + Class B: $599.8M (PHX2DC2, Phoenix) | — | — | ABS-15G, QTS Phoenix II DC2 Holding I, LLC for QTS Issuer ABS II, LLC, Ex. 99.1 Deloitte agreed-upon procedures report (2025-08-28) | Bond | 599.8 | 5.044% | 2025-09 | 2030-10 | secured | confirmed |
| QTS Data Centers (Blackstone) | Citi Real Estate Funding (lead originator) +10 | BX 2025-VOLT single-borrower CMBS: $3.46B floating-rate loan on 10 data centers (214.9 MW) | — | — | ABS-15G, Citigroup Commercial Mortgage Securities Inc., Ex. 99.1 agreed-upon procedures report (2025-11-06) | Bond | 3,460 | SOFR +1.70% | 2025-11 | 2027-12-15 | secured | confirmed |
| QTS Data Centers (Blackstone) | Goldman Sachs, MUFG, SMBC and BNP Paribas (leads; SMBC sole structuring agent, press) | About $1.7B private placement notes, five tranches of 5 to 15 years (priced November 2025) | — | — | New Project Media 2026-01-06 ('QTS nets USD 1.7bn private placement with four banks, up to 15-year maturities') | Bond | 1,700 | Undisclosed | 2025-11 | ~2030 to ~2040 | other | press |
| QTS Data Centers (Blackstone) | Barclays (named in the ABS-15G; role not stated) | Series 2026-1 and 2026-2 data center ABS term notes (January 2026) | — | — | ABS-15G, QTS Phoenix II DC2 Holding I, LLC for QTS Issuer ABS II, LLC, Ex. 99.1 Deloitte agreed-upon procedures report (acc 0001140361-26-000524, 2026-01-07 | Bond | — | 5.848% | 2026-01 | — | secured | confirmed |
| QTS Data Centers (Blackstone) | Bank of America +10 | BX 2026-VLT9 single-borrower CMBS: $2.05B floating-rate loan on three data centers (Manassas, Suwanee, Chicago) | — | — | ABS-15G, QTS Depositor 2026, LLC, Ex. 99.1 Ernst & Young agreed-upon procedures report (2026-02-04) | Bond | 2,050 | SOFR +1.70% | 2026-02 | — | secured | confirmed |
| QTS Data Centers (Blackstone) | TD Securities (arranger; named in the ABS-15G) +2 | Series 2026-4 and 2026-5 data center ABS term notes: $510M (PHX2DC2, PHX2DC3, RIC2DC3) | — | — | ABS-15G, QTS Phoenix II DC2 Holding I, LLC for QTS Issuer ABS II, LLC, Ex. 99.1 Deloitte agreed-upon procedures report (2026-03-06) | Bond | 510 | 5.704% | 2026-03 | — | secured | confirmed |
| QTS Data Centers (Blackstone) | Bookrunners not named in accessible sources | $4.6B 5.7% senior secured green notes due 2036 (Fayetteville, GA; Microsoft 20-year lease) | Microsoft press | Fayetteville, Georgia press | Bloomberg 'Blackstone-Backed Data Center Firm QTS Kicks Off Bond Sale' (2026-04-06) | Bond | 4,600 | 5.70% | 2026-04-06 | 2036-04-15 | secured | press |
| QTS Data Centers (Blackstone) | Wells Fargo (structuring agent, co-originator) +9 | $1.26B single-asset CMBS, NAL1DC1 New Albany, OH (66 MW; BX 2026-VLT10) | — | — | ABS-15G 2026-05-27 (QTS VLT10 Depositor, LLC | Bond | 1,260 | 5.85% | 2026-06 | ~2036 | secured | confirmed |
| QTS Data Centers (Blackstone) | TD Securities (sole structuring advisor) +3 | Series 2026-6 and 2026-7 data center ABS notes plus floating-rate loan: up to $870M (five data centers, 181.5 MW) | — | — | ABS-15G, QTS Phoenix II DC2 Holding I, LLC for QTS Issuer ABS II, LLC, Ex. 99.1 Deloitte agreed-upon procedures report (2026-06-15) | Bond | 870 | 5.682% | 2026-06 | — | secured | confirmed |
| QTS Data Centers (Blackstone) | JPMorgan (administrative agent, lead bookrunner) +2 | $3.25B senior secured term loans (12-data-center master indenture pool) | — | — | PitchBook (pricing, size, tenor, agent, use of proceeds) via Yahoo Finance 2026-07-17, 'Blackstone's QTS secures upsized $3.25B leveraged loan' | Credit facility | 3,250 | SOFR +2.25% | 2026-07-30 | 2033-07-22 | secured | press |
| QTS Data Centers (Blackstone) | Citigroup +3 | $3.9B senior notes, 5-year (Georgia venture; Microsoft tenant) | Microsoft press | — | Bloomberg 'Blackstone-Backed QTS Kicks Off Data Center Bond at Hefty Cost' (2026-08-18) | Bond | 3,900 | 7.228% | 2026-08-18 | 2031-09-01 | other | press |
| QTS Data Centers (Blackstone) | Mizuho, Natixis, Societe Generale and Wells Fargo (arrangers, press) | About $800M Thunder private placement notes, 7 to 15 years (marketing, October 2026) | — | — | Bloomberg via PE Insights 2026-10-28 ('Blackstone's QTS brings the Thunder') | Bond | 800 | Undisclosed | Reported 2026-10-28; not priced | Undisclosed | other | rumored |
| RD Michigan Property Owner I LLC (Related Digital / Blackstone JV) | Bank of America (structuring agent, financial advisor) +3 | ~$14B senior secured project bonds (Saline Township, MI campus; Oracle tenant for the OpenAI build) | Oracle, OpenAI release | Saline Township, Michigan release | Related Digital release 'Related Digital Announces Financing of $16 Billion Oracle Data Center Project' (2026-04-24) | Bond | 14,000 | 7.50% | 2026-04-24 | 2045 | secured | confirmed |
| Riot Platforms, Inc. RIOT | 144A; Citigroup, BTIG and Cantor Fitzgerald (representatives); U.S. Bank Trust Co. (trustee) | 0.75% Convertible Senior Notes due 2030 | — | — | 8-K 12/11/24 Items 1.01/2.03/3.02 and EX-4.1 Indenture, acc 0001104659-24-127656 | Convertible | 594.4 | 0.75% | 2024-12-11 | 2030-01-15 | unsecured | confirmed |
| Riot Platforms, Inc. RIOT | Coinbase Credit, Inc. (lender, collateral agent and administrative agent) | $200M Coinbase Credit bitcoin-backed multi-draw term loan (repaid Sep 2026) | — | — | Q3-26 10-Q Note 11 ($200 Million Credit Facility), acc 0001104659-26-122417 | Credit facility | 200 | Until 2026-04-21: the greater of… | 2025-04-22 | 2027-04-20 | secured | confirmed |
| Riot Platforms, Inc. RIOT | Morgan Stanley Senior Funding, Inc. (administrative agent and sole lender at signing: $573.0M commitment, Credit Agreement Schedule 1.1) | $573.0M senior secured delayed-draw term loan: Rockdale interim facility | Anthropic press | Rockdale, Texas | 8-K, Items 1.01 and 2.03 (event 2026-08-10, filed 2026-08-14), acc. 0001104659-26-097330 | Credit facility | 573 | SOFR +2.75% | 2026-08-10 | 2026-12-31 | secured | confirmed |
| Riot Platforms, Inc. RIOT | Banks (not named) | ~$180M term loan on the AMD Rockdale lease, plus delayed draw (expected; not closed) | — | — | Riot 8-K 2026-11-04, EX-99.2 Q3 2026 earnings deck (slides 5, 17, 18), acc. 0001104659-26-122368 | Credit facility | 180 | Undisclosed | Expected to close shortly (Q3 2026 deck, 2026-11-04); not closed | Undisclosed | other | confirmed |
| Riot Platforms, Inc. RIOT | — | Planned non-recourse project debt, Corsicana lease to Anthropic (illustrative $4.4B to $4.9B) | — | — | Riot 8-K 2026-11-04, EX-99.2 Q3 2026 earnings deck (slides 7, 9, 10, 17, 18) and EX-99.1 release, acc. 0001104659-26-122368 | Credit facility | 4,650 | Undisclosed | Planned (Q3 2026 deck, 2026-11-04); financing process to launch in 2027 | Undisclosed | other | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | MUFG (co-structuring agent; led the financing) +3 | Bauxite campus Phase 1 construction financing (Maryland) | — | — | Rowan Digital Infrastructure release 2025-01-16 | Credit facility | 975 | Undisclosed | 2025-01-16 | — | other | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | SMBC (co-structuring agent) +3 | Bauxite campus Phase 2 construction financing (Maryland) | — | — | Rowan Digital Infrastructure release 2025-02-25 | Credit facility | 1,240 | Undisclosed | 2025-02-25 | — | other | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | SMBC, MUFG, Mizuho, Societe Generale (lead arrangers) | Bauxite campus Phase 3 green financing (Maryland) | — | — | Rowan Digital Infrastructure release 2025-09-11 | Credit facility | 925 | Undisclosed | 2025-09-11 | — | other | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | Apterra (provider, sole bookrunner and joint lead arranger) +1 | $300M corporate credit facility: term loan + letter of credit facility (Apterra) | — | — | Rowan Digital Infrastructure release 2025-09-11 | Credit facility | 300 | Undisclosed | 2025-09-11 | — | other | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | TD and Mizuho (co-structuring agents, coordinating lead arrangers and joint bookrunners per Rowan's release; co-structuring agents per counsel's deal note) +3 | Cinco campus Phase 1 construction financing, about $550M (300 MW campus, Medina County, TX) | — | — | Rowan Digital Infrastructure release 2026-02-11 ('Rowan Secures $550 Million of Construction Financing for 300 MW Cinco Project in Texas') | Credit facility | 551 | Undisclosed | 2026-02-11 | — | secured | confirmed |
| Rowan Digital Infrastructure (Quinbrook) | Lenders not named in the release ('institutional lenders') | Project Temple green debt financing, nearly $3B (300 MW campus, Temple, TX) | — | — | Rowan Digital Infrastructure release 2026-05-27 | Credit facility | 3,000 | Undisclosed | 2026-05-27 | — | other | confirmed |
| Sabey Data Centers | Guggenheim Securities, LLC (arranger per ASR; specified party in the ABS-15G due-diligence report) | Series 2025-1 Class A-2 term ABS notes, $410M (Sabey master trust) | — | — | ABS-15G 2025-01-24 (Sabey Data Center Asset Holdings LLC, acc 0001193125-25-012131, Ex. 99.1) | Bond | 410 | 5.733% | 2025-02-20 | 2030-02 | secured | confirmed |
| Sabey Data Centers | TD Securities (USA) LLC (arranger per ASR; specified party in the ABS-15G due-diligence report) | Series 2025-2 Class A-2 term ABS notes, $435M (Sabey master trust) | — | — | ABS-15G 2025-03-25 (Sabey Data Center Asset Holdings LLC, acc 0001193125-25-062672, Ex. 99.1) | Bond | 435 | 5.966% | 2025-04-10 | 2032-04 | secured | confirmed |
| Sabey Data Centers | Not named in sources read | Series 2026-1 Class A-2 term ABS notes (Sabey master trust; size not disclosed) | — | — | ABS-15G 2026-01-16 (Sabey Data Center Asset Holdings LLC, acc 0001193125-26-015461) | Bond | — | 5.482% | 2026-01 | 2051-01-20 | secured | confirmed |
| SB Energy, Inc. SBE | Deutsche Bank Trust Company Americas (administrative and collateral agent) +3 | Hickory Facilities: $263.0M term loan and $262.0M revolver (SOFR + 3.75%), plus a $475.0M letter of credit facility | — | — | SB Energy S-1/A No. 2 filed 2026-09-21, acc 0001628280-26-062846 (Description of Certain Indebtedness, Hickory Credit Agreement | Credit facility | 525 | SOFR +3.75% | 2023-10-18 | 2027-10-18 | secured | confirmed |
| SB Energy, Inc. SBE | 144A / Reg S noteholders +1 | 8.875% Senior Secured Notes due 2031 (Cosmos Technology Campus, Travis County TX, ~50 MW) | SoftBank affiliate | Austin, Texas | SB Energy S-1/A No. 2 filed 2026-09-21, acc 0001628280-26-062846 (Description of Certain Indebtedness | Bond | 999 | 8.875% | 2026-05-07 | 2031-05-01 | secured | confirmed |
| SB Energy, Inc. SBE | — | Planned lessor project debt for the PORTS-Pike campuses leased to OpenAI (about $122B to $138B) | — | — | SB Energy S-1/A No. 2 filed 2026-09-21, acc 0001628280-26-062846 | Credit facility | 130,000 | Undisclosed | Planned (S-1/A No. 2, 2026-09-21) | Undisclosed | other | confirmed |
| SB Energy, Inc. SBE | Citibank, N.A. (expected administrative and collateral agent) | Planned $3.0B Credit Facility: $1.875B revolver and $1.125B letter of credit facility (Citibank agent) | — | — | SB Energy S-1/A No. 2 filed 2026-09-21, acc 0001628280-26-062846 (Description of Certain Indebtedness, New Credit Facility | Credit facility | 1,875 | SOFR +1.75–2.25% | Planned (S-1/A No. 2, 2026-09-21) | Three and one-half years after closing | secured | confirmed |
| Scala Data Centers (DigitalBridge) | Banco Bradesco BBI (lead coordinator) +6 | R$2B green debentures due ~2027 (Brazil; first green issue) | — | — | Scala release 2022-12-19 (Scala Data Centers issues R$2 billion in green debentures) | Bond | 376.3 | Undisclosed | 2022-12-19 | ~2027 | other | confirmed |
| Scala Data Centers (DigitalBridge) | Banco Bradesco BBI (lead coordinator) +2 | US$215M green debentures due ~2029 (Brazil; second green issue, BRL swapped to USD) | — | — | Scala release 2023-11-21 (English and Portuguese versions) | Bond | 215 | Undisclosed | 2023-11-21 | ~2029 | other | confirmed |
| Scala Data Centers (DigitalBridge) | Banco Bradesco BBI (lead coordinator) +4 | R$1.37B (US$250M) green debentures due ~2030, SGRUTB09 at the Tamboré campus (Brazil; third green issue) | — | — | Scala release 2024-08-20 (Portuguese: Scala Data Centers emite R$ 1,37 bilhão em debêntures verdes com swap em dólar) | Bond | 250 | Undisclosed | 2024-08-20 | ~2030 | other | confirmed |
| Scala Data Centers (DigitalBridge) | MUFG (lead, press) +3 | US$328M green project finance, three hyperscale data centers and Nova Lampa substation (Chile) | — | — | Converge Digest 2025-07-29 (lenders | Credit facility | 328 | Undisclosed | 2025-07 | — | other | press |
| Serverfarm (Manulife IM) | Morgan Stanley (sole structuring agent, lead left bookrunner) +2 | Series 2025-1 term ABS notes, $589M inaugural securitization ($543M 5.377% + $46M 5.866%) | — | — | Serverfarm release 2026-02-04 (TR Newswire) | Bond | 589 | 5.377% | 2025-12 | 2030-11 | secured | confirmed |
| Sify Technologies Limited SIFY | Debenture holders (not named) | ₹2,500M 8.95% secured listed non-convertible debentures due ~2040 (refinanced data-center debt) | — | — | Sify Technologies Form 20-F for FY ended 2026-03-31 (filed 2026-06-26), Note 20 Borrowings | Bond | 29.8 | 8.95% | 2024-10 | ~2040 | secured | confirmed |
| Sify Technologies Limited SIFY | International Finance Corporation (IFC; direct lender) | IFC sustainability-linked loan, $71M (INR 675 crore): two AI-ready data centers in Navi Mumbai and Chennai | — | — | IFC release 2026-06-18 | Credit facility | 71 | Undisclosed | 2026-06-18 | — | other | confirmed |
| Sify Technologies Limited SIFY | Indian banks and NBFCs (not named in the 20-F) | Secured term loans for specific data-center projects: banks ₹13,860M and NBFCs ₹5,752M at 2026-03-31 (pool) | — | — | Sify Technologies Form 20-F for FY ended 2026-03-31, Note 20 Borrowings | Credit facility | 209 | Undisclosed | Various (pool) | — | secured | confirmed |
| Singapore Telecommunications Limited (Singtel) Z74 | DBS Bank Ltd. (lender, green loan coordinator) +3 | S$535M five-year green loan (refinancing): DC West and DC Kim Chuan, Singapore | — | — | Singtel release 2023-12-04 (Nxera newsroom) | Credit facility | 400.6 | Undisclosed | 2023-12-04 | — | other | confirmed |
| Singapore Telecommunications Limited (Singtel) Z74 | DBS Bank Ltd. (arranger, green loan coordinator) +4 | S$643M five-year green term, revolving and bank guarantee facilities: DC Tuas, Singapore (58 MW) | — | — | Singtel/Nxera release 2025-02-07 | Credit facility | 475.9 | Undisclosed | 2025-02-07 | — | other | confirmed |
| Soluna Holdings, Inc. SLNH | Certain accredited investors (undisclosed) | October 2021 secured convertible notes | — | — | FY25 10-K (convertible notes) | Convertible | 16.3 | Undisclosed | 2021-10-25 | — | secured | confirmed |
| Soluna Holdings, Inc. SLNH | NYDIG ABL LLC (lender, servicer, collateral agent) | NYDIG Master Equipment Finance Agreement | — | — | FY25 10-K (settlement + debt table) | Credit facility | 14.4 | 14.00% | 2021-12-30 | — | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Navitas West Texas Investments SPV, LLC | Navitas 2-year term loan (Project Dorothy 1B) | — | Silverton, Texas | Q1-25 10-Q (Navitas term loan) | Credit facility | 2.05 | 15.00% | 2023-05-09 | 2025-05-09 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Soluna2 SLC Fund II Project Holdco | Equipment Loan Agreement (Spring Lane) | — | Silverton, Texas +1 | Q2-26 10-Q Note 10 | Credit facility | 4 | 15.00% | 2024-05-16 | 2027-05-16 | other | confirmed |
| Soluna Holdings, Inc. SLNH | GreenCloud Partners, LLC (f/k/a Green Cloud Holdings, LLC) | "Green Cloud" secured note (HPE AI-cloud deal) | — | — | Q2-26 10-Q Note 10 | Credit facility | 12.5 | 9.00% | 2024-06-20 | 2027-06-20 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Additional accredited investors (undisclosed) | CloudCo Additional Secured Notes ($1.25M, June SPA First Amendment) | — | — | FY25 10-K (June SPA First Amendment / Additional Notes) | Credit facility | 1.25 | 9.00% | 2024-07-12 | 2027-07-12 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Galaxy Digital LLC | Galaxy Loan (Project Sophie) | — | Murray, Kentucky | Q2-26 10-Q Note 10 | Credit facility | 5 | 15.00% | 2025-03-12 | 2030-03-12 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Generate Strategic Credit Master Fund I-A, L.P. (lender) +1 | Generate Credit Agreement — Tranches A-1/A-3 | — | Silverton, Texas +2 | Q2-26 10-Q Note 10 (prepayment) | Credit facility | 17 | SOFR +10.00% | 2025-09-12 | 2030-09-12 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | Soluna2 Kati Project Holdco (Spring Lane) | Land Purchase Loan (Kati Phase 2) | — | Willacy County, Texas | Q2-26 10-Q Note 10 | Credit facility | 1.08 | 0.00% | 2025-10-01 | 2027-05-16 | other | confirmed |
| Soluna Holdings, Inc. SLNH | Generate Strategic Credit Master Fund I-A, L.P. (lender) +1 | Generate Tranche C (Briscoe wind farm) | — | — | Q2-26 10-Q Note 10 | Credit facility | 12.5 | SOFR +8.00% | 2026-04-01 | 2030-09-12 | secured | confirmed |
| Soluna Holdings, Inc. SLNH | YA II PN, LTD. (Yorkville) | Yorkville promissory note | — | — | 8-K 4/17/26 | Credit facility | 12 | 5.00% | 2026-04-15 | 2027-05-15 | unsecured | confirmed |
| Soluna Holdings, Inc. SLNH | Soluna SLC Fund I Projects Holdco LLC (Spring Lane Capital affiliate, seller) | Dorothy 1A Class B buyout deferred purchase payable ($10.5M, Spring Lane) | — | — | Q2-26 10-Q (Dorothy 1A purchase) | Other | 10.5 | Undisclosed | 2026-04-15 | 2026-07-01 | unsecured | confirmed |
| STACK Infrastructure (Blue Owl) | Conduit investors and committed note purchasers under the Series 2019-1 Variable Funding Note Purchase Agreement (not named in the filings read) +1 | Series 2019-1 Class A-1 Secured Variable Funding Notes, $200M (STACK master trust) | — | — | Blue Owl Digital Infrastructure Trust Q3 2026 10-Q (acc 0002069692-26-000069) Note 8 | Credit facility | 200 | SOFR +1.75% | 2019-02-08 | 2028-05-27 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Guggenheim Securities (initial purchaser) +3 | 1.877% Secured Data Center Revenue Term Notes, Series 2021-1 Class A-2 (STACK master trust; repaid) | — | — | Series 2021-1 Supplement dated 2021-03-18, Ex. 4.11 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 400 | 1.877% | 2021-03-18 | 2026-03 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Morgan Stanley & Co. (initial purchaser) +7 | 5.900% Secured Data Center Revenue Term Notes, Series 2023-1 Class A-2 (STACK master trust; repaid) | — | — | Series 2023-1 Supplement dated 2023-03-15, Ex. 4.10 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 250 | 5.90% | 2023-03-15 | 2028-03 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Wilmington Trust, N.A. (indenture trustee) | 5.900% Secured Data Center Revenue Term Notes, Series 2023-2 Class A-2 (STACK master trust) | — | — | Series 2023-2 Supplement dated 2023-07-31, Ex. 4.9 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 250 | 5.90% | 2023-07-31 | 2028-07 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Wilmington Trust, N.A. (indenture trustee) | 5.900% Secured Data Center Revenue Term Notes, Series 2023-3 Class A-2 (STACK master trust) | — | — | Series 2023-3 Supplement dated 2023-11-14, Ex. 4.8 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 290 | 5.90% | 2023-11-14 | 2028-10 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | TD Securities (USA) (initial purchaser) +8 | 5.900% Secured Data Center Revenue Term Notes, Series 2024-1 Class A-2 (STACK master trust) | — | — | Series 2024-1 Supplement dated 2024-03-20, Ex. 4.7 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 240 | 5.90% | 2024-03-20 | 2029-03 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Not named in release | $3.3B cumulative green financing: Silicon Valley, Loudoun County VA and Milan | — | — | STACK Infrastructure release 2024-04-09 | Credit facility | 3,300 | Undisclosed | 2024-04-09 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Not named in release | $1.3B cumulative financing: Melbourne, Manassas, Loudoun, Prince William County and Milan | — | — | STACK Infrastructure release 2024-06-04 | Credit facility | 1,300 | Undisclosed | 2024-06-04 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Not named in release | $3B green financing for four U.S. data center projects (Prince William County VA, Phoenix, Atlanta) | — | — | STACK Infrastructure release 2024-08-05 | Credit facility | 3,000 | Undisclosed | 2024-08-05 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Not named in release | $900M green financing: NVA05 campus, Manassas VA (200 MW) | — | — | STACK Infrastructure release 2025-01-14 | Credit facility | 900 | Undisclosed | 2025-01-14 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Not named in release | $4B green financing: Stafford VA (1+ GW), Portland OR and Toronto campuses | — | — | STACK Infrastructure release 2025-03-19 | Credit facility | 4,000 | Undisclosed | 2025-03-19 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Banks and institutional capital providers (not named in release) | $1.4B green financing facility secured by 10 stabilized North American data centers | — | — | STACK Infrastructure release 2025-05-13 (PDF PRE9681) | Credit facility | 1,400 | Undisclosed | 2025-05-13 | — | secured | confirmed |
| STACK Infrastructure (Blue Owl) | SMBC Nikko Securities America (initial purchaser) +11 | 5.00% Secured Data Center Revenue Term Notes, Series 2025-1 Class A-2 (STACK master trust) | — | — | Series 2025-1 Supplement dated 2025-05-22, Ex. 4.6 to Blue Owl Digital Infrastructure Trust 10-K for FY2025 (acc 0002069692-26-000016) | Bond | 345 | 5.00% | 2025-05-22 | 2030-05 | secured | confirmed |
| STACK Infrastructure (Blue Owl) | Deutsche Bank (MLAUB) +4 | A$1.3B green financing facility: MEL01 hyperscale campus, West Melbourne | — | — | STACK Infrastructure release 2025-07-23 | Credit facility | 857.5 | Undisclosed | 2025-07-23 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Natixis CIB (full underwriter, green loan coordinator) +2 | ¥39.7B green financing facility: TKY01 campus, Inzai, Greater Tokyo (36 MW) | — | — | STACK Infrastructure release 2025-10-23 | Credit facility | 260.1 | Undisclosed | 2025-10-23 | — | other | confirmed |
| STACK Infrastructure (Blue Owl) | Wilmington Trust, N.A. (indenture trustee) +1 | 5% Secured Data Center Revenue Term Notes, Series 2026-1 Class A-2 | — | — | Blue Owl Digital Infrastructure Trust 8-K (Item 1.01), report date 2026-03-03, filed 2026-03-05 | Bond | 695 | 5.00% | 2026-03-03 | 2056-03-27 | secured | confirmed |
| STTGDC (KKR / Singtel) | United Overseas Bank (Malaysia) Bhd (sole coordinator, mandated lead arranger) +3 | Up to US$1.37B (MYR 5.6B) green financing, STT Johor campus (incl. Phase 1 green loan facility) | — | — | STT GDC release 2026-08-13 | Credit facility | 1,370 | Undisclosed | 2026-08-13 | — | other | confirmed |
| STTGDC (KKR / Singtel) | Standard Chartered (lead coordinator, green loan coordinator) +4 | JPY 93B green loan, Tokyo campus fit-out and operation (TYO1 and TYO2) | — | — | STTGDC release 2026-10-27 | Credit facility | 589.3 | Undisclosed | 2026-10-27 | — | other | confirmed |
| Switch (DigitalBridge) | Morgan Stanley (sole structuring advisor) | Secured Data Center Revenue Term Notes, Series 2024-1 (Class A + Class B), inaugural master-trust ABS | — | — | Switch release 2024-06-24 ('Switch Completes $1.7 Billion in ABS Financing') | Bond | 751.8 | 6.28% | 2024-03-14 | 2054-03-25 | secured | confirmed |
| Switch (DigitalBridge) | Morgan Stanley (co-structuring advisor) +4 | Secured Data Center Revenue Term Notes, Series 2024-2 (Classes A, B, C) | — | — | Switch release 2024-06-24 ('Switch Completes $1.7 Billion in ABS Financing') | Bond | 940.3 | 5.436% | 2024-06-17 | 2054-06-25 | secured | confirmed |
| Switch (DigitalBridge) | J.P. Morgan (co-structuring agent and joint lead arranger) +3 | $4.25B sustainability-linked borrowing base facility ($3.5B revolver + $750M term loan) | — | — | Switch release 'Switch Secures $5 Billion in New Debt Financing' 2024-09-12 | Credit facility | 4,250 | Undisclosed | 2024-09-12 | — | other | confirmed |
| Switch (DigitalBridge) | TD Securities (left lead arranger and administrative agent) | $770M revolving credit facility (upsized; working capital and general corporate purposes) | — | — | Switch release 'Switch Secures $5 Billion in New Debt Financing' 2024-09-12 | Credit facility | 770 | Undisclosed | 2024-09-12 | — | other | confirmed |
| Switch (DigitalBridge) | Citigroup Global Markets (co-lead manager, joint bookrunner) +4 | $2.4B SASB CMBS, SWCH 2025-DATA (Las Vegas 7, Las Vegas 9, Reno 2), green | — | — | Switch release 2025-03-25 | Bond | 2,400 | SOFR +1.50% | 2025-02-05 | 2027-02 | secured | confirmed |
| Switch (DigitalBridge) | Morgan Stanley (co-structuring advisor) +3 | Secured Data Center Revenue Term Notes, Series 2025-1 (Class A-2 + Class B), third master-trust ABS, green | — | — | Switch release 2025-03-25 ('Switch Announces $3.5 Billion in Securitized Debt Financings') | Bond | 1,093 | 5.036% | 2025-03-13 | 2055-03-25 | secured | confirmed |
| Switch (DigitalBridge) | Wells Fargo Securities (co-structuring advisor, lead left bookrunner) +4 | Secured Data Center Revenue Term Notes, Series 2025-2 (Class A-2 + Class B), fourth master-trust ABS | — | — | Switch release 2025-10-20 | Bond | 659 | 5.121% | 2025-10-20 | 2030-10 | secured | confirmed |
| Switch (DigitalBridge) | Barclays (co-structuring advisor, joint active bookrunner) +3 | Secured Data Center Revenue Term Notes, Series 2026-1 Class A-2, fifth master-trust ABS | — | — | Switch release 2026-04-14 | Bond | 768 | 5.609% | 2026-03 | 2031-03 | secured | confirmed |
| TeraWulf Inc. WULF | Morgan Stanley (expected lead, per press) | Planned Justified campus project financing (~$3.5B leveraged loan and high-yield mix per press) | — | — | TeraWulf 8-K 2026-11-04 (Item 1.01 credit support agreements, EX-10.1 form, EX-99.1 release on the Google backstop and Fluor EPC), acc 0001628280-26-069810 | Other | 3,500 | Undisclosed | — | Undisclosed | other | rumored |
| TeraWulf Inc. WULF | Cantor Fitzgerald (representative, 144A) | 2.75% Convertible Senior Notes due 2030 | — | — | Q2-26 10-Q (6/30/26 balance), acc 0001083301-26-000166 | Convertible | 500 | 2.75% | 2024-10-25 | 2030-02-01 | unsecured | confirmed |
| TeraWulf Inc. WULF | Morgan Stanley (representative) +1 | 1.00% Convertible Senior Notes due 2031 | — | — | 8-K 8/20/25 ($850M) | Convertible | 1,000 | 1.00% | 2025-08-20 | 2031-09-01 | unsecured | confirmed |
| TeraWulf Inc. WULF | Morgan Stanley (sole initial purchaser, 144A) +1 | 7.750% Senior Secured Notes due 2030 | Fluidstack Google backstop | Barker, New York | 8-K 10/23/25 (indenture Ex. 4.1) | Bond | 3,200 | 7.75% | 2025-10-23 | 2030-10-15 | secured | confirmed |
| TeraWulf Inc. WULF | Morgan Stanley + Cantor (representatives) +1 | 0.00% Convertible Senior Notes due 2032 | — | — | 8-K 10/31/25 | Convertible | 1,025 | 0.00% | 2025-10-31 | 2032-05-01 | unsecured | confirmed |
| TeraWulf Inc. WULF | Morgan Stanley Senior Funding, Inc. (admin + collateral agent) +1 | Raylan Data Delayed-Draw Bridge Facility ($500M 364-day, Morgan Stanley) | — | Hawesville, Kentucky | 8-K 3/16/26 (origination) | Credit facility | 500 | SOFR +2.75% | 2026-03-13 | 2027-03-12 | secured | confirmed |
| TeraWulf Inc. WULF | MS Senior Funding (admin/collateral) +1 | Senior Secured Revolving Credit Facility | — | — | Q3-26 10-Q Note 10 and Amendment No. 1 (EX-10.1), acc 0001628280-26-071671 | Credit facility | 400 | SOFR +1.75% | 2026-05-07 | 2030-05-07 | secured | confirmed |
| TierPoint | Guggenheim Securities (sole structuring advisor, joint active bookrunner) +4 | Secured Data Center Revenue Term Notes, 2023 issuance, 3-year tranche, $360M (refinanced) | — | — | TierPoint release 2023-07-10 | Bond | 360 | Undisclosed | 2023-07-10 | ~2026-07 | secured | confirmed |
| TierPoint | Guggenheim Securities (sole structuring advisor, joint active bookrunner) +4 | Secured Data Center Revenue Term Notes, 2023 issuance, 7-year tranche, $475M | — | — | TierPoint release 2023-07-10 | Bond | 475 | Undisclosed | 2023-07-10 | ~2030-07 | secured | confirmed |
| TierPoint | Not named in releases | Variable funding notes, $225M (TierPoint ABS master trust) | — | — | TierPoint releases 2023-07-10, 2025-04-09 and 2025-07-14 | Credit facility | 225 | Undisclosed | 2023-07-10 | 2030 | secured | confirmed |
| TierPoint | Guggenheim Securities (sole structuring advisor, lead placement agent) +2 | Secured Data Center Revenue Term Notes, Series 2024-1 (Class A + Class B), $550M | — | — | TierPoint release 2024-05-08 | Bond | 550 | Undisclosed | 2024-05-08 | — | secured | confirmed |
| TierPoint | Guggenheim Securities (sole structuring advisor, lead bookrunner) +2 | Secured Data Center Revenue Term Notes, Series 2025-1 and 2025-2, $500M | — | — | TierPoint release 2025-04-09 | Bond | 500 | 6.15% | 2025-04-09 | 2055-04-26 | secured | confirmed |
| TierPoint | Apterra Infrastructure Capital (lead arranger, sole bookrunner, administrative agent) +1 | $250M parent term loan, part delayed draw (Apterra) | — | — | TierPoint release 2025-07-14 | Credit facility | 250 | Undisclosed | 2025-07-14 | — | other | confirmed |
| TierPoint | Guggenheim Securities (lead structuring advisor, lead left bookrunner, placement agent) +1 | Secured Data Center Revenue Term Notes, Series 2025-3, $240M | — | — | TierPoint release 2025-10-23 | Bond | 240 | Undisclosed | 2025-10-23 | — | secured | confirmed |
| Urbacon (UDCS) | TD Securities (USA) LLC (structured and led; placement agent) | Secured Data Center Revenue Term Notes, Series 2025-1 Class A-2 (C$320M) | — | — | UDCS release 2025-08-28 (CNW) | Bond | 232.7 | 4.511% | 2025-08 | 2055-08-25 | secured | confirmed |
| Vantage Data Centers | CTBC Bank +1 | TPE11 project financing loan (Taipei) | — | — | Vantage release 2024-03-04 | Credit facility | 64 | Undisclosed | 2024-03-04 | — | other | confirmed |
| Vantage Data Centers | Wells Fargo Securities, LLC (structuring bank; led the bank syndicate) +3 | $3B green revolving credit facility (North America; initial pool of eight sites) | — | — | Vantage release 2024-04-23 | Credit facility | 3,000 | Undisclosed | 2024-04-23 | — | secured | confirmed |
| Vantage Data Centers | Barclays (sole structuring advisor and sole green structuring advisor; joint lead manager) +1 | £600M green securitized term notes, Series 2024-1A Class A2 (Cardiff campus; first EMEA data center ABS) | — | — | Vantage release 2024-06-04 | Bond | 767.1 | 6.172% | 2024-06-04 | 2039-05-28 | secured | confirmed |
| Vantage Data Centers | Wells Fargo Securities (named in the ABS-15G; role not stated) | Retained Vantage master trust term notes, Series 2024-1 (Class A-2 + Class B) | — | — | ABS-15G 2024-08-07 (Retained Vantage Data Centers, LP | Bond | — | 4.992% | 2024-08 | 2049-09-15 | secured | confirmed |
| Vantage Data Centers | Deutsche Bank Securities (named in the ABS-15G; role not stated) | Secured Data Center Revenue Term Notes, Series 2024-1 (North American master trust) | — | — | ABS-15G 2024-09-18 (Vantage Data Centers Holdings, LLC | Bond | — | 5.10% | 2024-09 | 2054-09-15 | secured | confirmed |
| Vantage Data Centers | Wells Fargo (originator; depositor affiliate) +4 | $735M single-borrower CMBS, VDCM 2025-AZ (three Goodyear, AZ data centers, 64 MW) | — | — | CPE 'Vantage Secures $735M Refi for Phoenix Data Centers' (2025-06-25) | Bond | 735 | Undisclosed | 2025-06 | — | secured | confirmed |
| Vantage Data Centers | MUFG and Societe Generale (leads) | New Albany, OH campus construction loan ($2.25B) | — | — | Vantage Data Centers release 2025-06-03 | Credit facility | 2,250 | Undisclosed | 2025-06-03 | — | other | confirmed |
| Vantage Data Centers | Wells Fargo Securities (structuring bank) +1 | $2.75B upsize of North America green revolving credit facility (to $5.75B) | — | — | Vantage Data Centers release 2025-06-03 | Credit facility | 2,750 | Undisclosed | 2025-06-03 | — | secured | confirmed |
| Vantage Data Centers | Barclays (sole structuring advisor; active joint lead manager) +3 | Germany lease-receivable ABS, Class A-2 + Class B (€640M) | — | — | Vantage Data Centers release 2025-06-09 | Bond | 731.2 | 4.292% | 2025-06-09 | 2050-06-28 | secured | confirmed |
| Vantage Data Centers | Guggenheim Securities and Scotia Capital (named in the ABS-15G; roles not stated) | Retained Vantage master trust term notes, Series 2025-1 | — | — | ABS-15G 2025-08-11 (Retained Vantage Data Centers, LP | Bond | — | 5.091% | 2025-08 | 2050-08-15 | secured | confirmed |
| Vantage Data Centers | Deutsche Bank Securities (arranger per press; named in the ABS-15G) | Secured Data Center Revenue Term Notes, Series 2025-1 Class A-2 ($337M) | — | — | ABS-15G 2025-07-28 (Deloitte agreed-upon procedures, Vantage Data Centers Issuer, LLC Series 2025-1) | Bond | 337 | 5.132% | 2025-09 | 2055-08-15 | secured | confirmed |
| Vantage Data Centers | Guggenheim Securities (named in the ABS-15G; role not stated) | Secured Data Center Revenue Term Notes, Series 2025-2 Class A-2 and Series 2025-3 Class B (North American master trust) | — | — | ABS-15G 2025-10-30 (Vantage Data Centers Holdings, LLC | Bond | — | 5.239% | 2025-11 | 2055-11-15 | secured | confirmed |
| Vantage Data Centers | Barclays Bank PLC (sole structuring advisor; joint lead manager and bookrunner) +1 | UK ABS: £200M tap of Class A-2 + new £54M Class B | — | — | Vantage Data Centers release 2026-01-15 | Bond | 340 | 6.172% | 2026-01-15 | 2039-05-28 | secured | confirmed |
| Vantage Data Centers | Ares Management funds (arranger; about $1.6B of the commitment) +1 | $2.4B debt facility arranged by Ares (North American portfolio) | — | — | Ares announcement via pulse2 2026-02-14 (quotes from Ares and Vantage) | Credit facility | 2,400 | Undisclosed | 2026-02-10 | — | other | confirmed |
| Vantage Data Centers | Evercore (lead arranger) +2 | $2B development revolving credit facility (North American platform) | — | — | Vantage release 2026-09-14 | Credit facility | 2,000 | Undisclosed | 2026-09-14 | Undisclosed | secured | confirmed |
| Vantage Data Centers | JPMorgan + MUFG (leads) per Bloomberg +1 | Lighthouse campus debt package (Stargate: Oracle/OpenAI) | Oracle, OpenAI | Port Washington, Wisconsin release | Bloomberg (all debt terms, press): DCD 2025-09-05 relay (linked) and Bloomberg 2025-10-23 'Record $38 Billion Debt Sale Nears for Oracle-Tied Data Centers' (not linked) | Credit facility | 14,750 | SOFR +2.50% | Package reported 2025-09-04; “record $38B sale nears” 2025-10-23 (both Bloomberg) | Undisclosed | other | press |
| Vantage Data Centers | JPMorgan + MUFG (leads); BNP Paribas, Goldman Sachs, Societe Generale, SMBC, Wells Fargo underwriting (press); distributed across 2-dozen+ institutions by Apr 2026 (Bloomberg) | Frontier campus debt package (Stargate: Oracle/OpenAI) | Oracle, OpenAI press | Shackelford County, Texas release | Bloomberg (all debt terms, press): DCD 2025-09-05 relay (linked) and Bloomberg 2026-04-15 'Oracle-Tied $38 Billion Debt Takes Months for Market to Swallow' (not linked) | Credit facility | 23,250 | SOFR +2.50% | Underwrite reported 2025-08-20; distribution reported ~complete 2026-04-15 (both Bloomberg) | Undisclosed | other | press |
| VIRTUS Data Centres (STTGDC) | Standard Chartered (mandated lead arranger and hedging bank) +1 | EUR 210M development facility, Marienpark Berlin campus (four buildings, up to 57.6 MW) | — | — | Standard Chartered release 2026-02-05 | Credit facility | 247.8 | Undisclosed | 2026-02-05 | — | other | confirmed |
| VIRTUS Data Centres (STTGDC) | BNP Paribas (coordinator, senior mandated lead arranger, bookrunner) +4 | GBP 2.45B committed portfolio financing incl. GBP 1.2B green capex facility (term and revolving) | — | — | VIRTUS release 2026-09-24 | Credit facility | 3,239 | Undisclosed | 2026-09-24 | — | other | confirmed |
| Yondr Group (DigitalBridge / La Caisse) | DBS Bank +6 | More than US$900M project financing, 98 MW first phase of the Johor campus (Sedenak Tech Park) | — | — | Yondr release 2024-12-23 | Credit facility | 900 | Undisclosed | 2024-12-23 | — | other | confirmed |
| Yondr Group (DigitalBridge / La Caisse) | Barclays (sole structuring advisor and sole green structuring coordinator; joint lead manager and joint bookrunner) +2 | £532M green securitized term notes, Series 1A Class A (Slough campus) | — | — | Yondr release 2026-02-20 | Bond | 718.2 | 5.483% | 2026-02-20 | 2056-02-28 | secured | confirmed |
| Yondr Group (DigitalBridge / La Caisse) | Noteholders (qualified institutional buyers and non-U.S. investors; initial purchasers not named) | $715M 6.875% senior secured notes due 2031, 48 MW Loudoun County (Virginia) data center | — | — | DataCenterNews (U.S. edition) 2026-06-26 (Yondr JK 1 notes pricing) | Bond | 715 | 6.875% | 2026-06-26 | 2031-06-30 | secured | press |
| Yotta Data Services (Hiranandani Group) | State Bank of India | ₹1,357 crore SBI long-term facility (incl. ₹800 crore NCDs) | — | — | CRE Matrix 2024-02-13 (citing documents | Credit facility | 163.1 | 8.85% | 2024-02 | ~2036 | other | press |
| Zenith Arc LLC (Prairieland Rivers LLC) | Bookrunners not named in accessible sources | $2.25B senior secured green notes due 2031 (149 MW Oklahoma facility; Jane Street 15-year lease) | Jane Street, Fluidstack press | Okmulgee County, Oklahoma press | briefs.co 'Market-making giant's lease guaranty anchors $2.25B data center bond' (2026-08-13) | Bond | 2,250 | 8.875% | 2026-08-13 | 2031-08-31 | secured | press |
Filter, search, or click a column header to sort (a third click restores the ledger order); drag a header edge to resize. Hover a cell for entity, collateral and size notes. Status: confirmed by a company, lender or arranger statement; press, from reporting only; rumored, in talks with no close announced. Tenant and site link the document they come from. A tag marks a value taken from an issuer release (release), from reporting only (press) or inferred from the filings (inferred). A named backstop is outside support from a third party.
Retired and excluded instruments
Instruments verified repaid, extinguished, settled, superseded, or determined not to be debt. They stay listed so the history can be audited.
- TeraWulf Inc.
- LGSA term loans ($146.0M, 11.5%) repaid in full July 2024; equipment financing nil (FY2025 10-K Note 10)
- Applied Digital Corporation
- Excluded: Macquarie preferred units in APLD HPC TopCo 2 ($1.8B through May 31, 2026; 12.75%, PIK allowed) are a redeemable noncontrolling interest, not debt (FY26 10-K Note 16)
- Nov 2025 FNBO $65M revolver (SOFR+2.75%, $61.9M LCs at 2/28/26): RESOLVED 2026-05-29, replaced by the 2026 RCF. Its payoff and lien release were a closing condition (2026 Credit Agreement Sec. 4.01(l)). Tracked as instrument apld-rcf-2025
- Cipher Mining Inc. (renamed Cipher Digital Inc.)
- Bitmain future-sales obligations (Original Agreement 12/16/23; prepaid May 2025 at 10% discount) — never balance-sheet debt (miner purchase obligation through Deposits on equipment; ABTC-pledge precedent), stays retired (ruled 2026-08-28)
- Core Scientific, Inc.
- Exit credit facility repaid and 12.50% Secured Notes due 2028 redeemed, Aug to Sep 2024 (8-K Aug 19, 2024). Equipment and settlement notes ($37.1M at 12/31/24) repaid or matured in 2025 (FY2025 10-K Note 8).
- Polaris DS acquisition (not debt): closed Aug 13, 2026 for about $444.3M cash, subject to adjustments (8-K Aug 14, 2026). A further $40M is payable if 40 MW more firm capacity arrives before Dec 31, 2026.
- Hut 8 Corp.
- NYDIG (2023) — predecessor-company (USBTC) MEFA ~$96.7M settled via Pecos TX asset transfer 2/3/23, ten months before the Hut 8/USBTC combination; never a Hut 8 Corp obligation, stays retired (ruled 2026-08-28)
- No Vega project debt exists in any filing (Bitmain hosting arrangement)
- ABTC BTC pledges to Bitmain are purchase-price pledges, not debt
- Soluna Holdings, Inc.
- Yorkville SEPAs = equity purchase agreements, not debt
- RD Michigan Property Owner I LLC (Related Digital / Blackstone JV)
- related-saline-barn — duplicate of related-digital-saline-2045 (same RD Michigan Property Owner I LLC $14B 7.500% senior secured notes due 2045, Saline Township MI campus, PIMCO anchor, BofA structuring agent, both dated 2026-04-24); merged 2026-09-17
Sources & method
Every row comes from a primary document, linked on the row: an SEC filing, a bond-holder filing, an issuer or lender release, or for some private deals a press report, marked as such. Undisclosed stays undisclosed.
Scope. An issuer joins when one of its financings is secured by a data center: a landlord or project company, an operator's campus, data-center asset-backed notes or construction debt. Its other debt joins with it. Issuers that pledge GPUs are on GPU Debt, with their whole stack.
Tenant and site. Taken from each row's filings, a document at a time. Each value links its document. A tag marks a value taken from an issuer release, from press reports only, or inferred from the filings. A redacted tenant is shown as redacted. A third-party backstop is a company outside the deal that stands behind the tenant's payments.
Coverage. The public issuers' filings are checked each business day. Private landlords and joint ventures are added from their releases, bond-holder filings and reporting. The headline adds the debt signed since January 2024, the same deals the issuance chart shows.
Dated analysis of these bonds: Data-Center Bonds Price the Tenant (September 25, 2026).