Latham Advises on Vantage Data Centers’ Further £254 Million Issuance of Securitized Term Notes

Latham & Watkins has advised the underwriters on a further note issuance by Vantage Data Centers under its UK data center ABS (which was the first of its kind in Europe). The £254 million issuance of securitized term notes were consolidated with the original £600 million securitized term notes issued in 2024 by Vantage Data Centers.

The issuance was led by Barclays Bank PLC as sole structuring advisor and sole green structuring advisor, also acting alongside SMBC Bank International PLC as joint lead managers. The notes are backed by leases granted in respect of two data centers in Newport, Wales that are operated by Vantage.

The Latham team was led by London partners Jeremiah Wagner, Calvin Ng, and Quentin Gwyer, with New York partner David G. Siegel, London counsel Kamal Dalal, and London associates Danielle Carragher and Wai Yin (Jason) Wong. Advice was also provided on tax matters by New York partner Aaron M. Bernstein, London partner Karl Mah, and Los Angeles counsel Kathryn A. Harrington, with London associates Aaron Bradley and Sam Duncan.