Toronto Data Center Considers C$320 Million ABS Deal

Urbacon Data Centre Solutions is considering borrowing around C$320 million ($233 million) in a deal backed by a newly constructed 18-megawatt data center in Toronto, according to people with knowledge of the matter.

The data center has a long-term contract with a AAA rated technology company, said the people, who asked not to be identified discussing private information. The anticipated repayment date on the debt is in five years, with final maturity in 2055, they added.