Cerberus closes $200 million credit line for US data center acquisitions – Commercial Observer

Major Data Centers According to Commercial Observer, the company has signed a $200 million credit line to finance the acquisition of data center assets in key U.S. markets.

Cerberus Capital Management provided financing for a credit line that will be directed at Tier 1 and Tier 2 data centers in the U.S. markets. Prime’s investors in the planned data center acquisitions include Ares Management (ARES), Siemens AND Macquarie Group.

SEE ALSO: Higher Power: Who’s Funding America’s Data Center Boom and Why

New York (NMRK) organized the transaction with the debt and structured finance team led by Jordan Roeschlaub, Jonathan Firestone AND Ben KrollThe Debt and Structured Finance team collaborated on the transaction with Brent Mayowho leads Newmark’s capital markets team in data center and digital infrastructure.

Newmark Research report published in January noted an increase in demand in this sector, mainly due to the increased use of artificial intelligence by enterprises.

“Prime’s leadership team has positioned the company to capitalize on unprecedented growth in the data center space, and this credit line only further supports those efforts,” Mayo said in a statement. “We look forward to continuing to support Prime’s growth as they successfully scale new and existing hyperscale and AI relationships.”

Representatives for Cerberus and Prime did not immediately respond to requests for comment.

Andrew Coen can be contacted at [email protected]