Cloud Capital Launches Data Center ABS Master Trust with $520M Triple-A Rated Issuance
Cloud Capital, a data center investment management firm, has launched its Cloud Capital ABS Master Trust and completed a $520 million triple-A rated asset-backed securities (ABS) issuance. This marks the first-ever programmatic data center ABS Master Trust for a core joint venture strategy backed by Realty Income and another major institutional investor. The transaction is secured by an 80 MW stabilized hyperscale data center in Northern Virginia, leased to an investment-grade customer under long-term terms with durable workloads. The issuance received AAA ratings from Fitch Ratings, Morningstar DBRS, and Kroll Bond Rating Agency due to the quality of assets and conservative capital structure. Cloud Capital's CEO emphasized that this milestone enhances their institutional platform for digital infrastructure while providing scalable financing at a competitive cost. Guggenheim Securities led the transaction as sole structuring advisor and bookrunner.
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Topics: ABS issuance Cloud Capital data centers triple-A rating