Vantage has raised €720 million ($820m) secured against four data centers in Germany.

The company will use the cash to pay off loans related to the construction of the data centers – two in Berlin and two in Frankfurt. It says the asset-backed securitization (ABS) deal is the first of its kind in a Euro-denominated market.

“The issuance of the first euro-denominated ABS in the data center sector marks a significant milestone in digital infrastructure financing. Having previously issued the first data center ABS in both North America and EMEA (sterling-denominated), Vantage continues to showcase our innovative approach to capital markets and our ability to unlock new funding vehicles to fuel our global expansion,” said Rich Cosgray, senior vice president, global capital markets for Vantage Data Centers.

Vantage opened its first Berlin campus in 2021, adding further facilities in the German capital and Frankfurt in 2022. According to its website, it offers 200MW of capacity across the two cities, much of which is let to hyperscale clients.

It says it has now raised a total of €2.2 billion ($2.51bn) in debt financing for its European data centers.

The European funding comes just days after Vantage announced it had secured $5 billion in incremental green loan financings to meet data center demand in the US.

This capital included a $2.25 billion financing to fully fund construction of the company’s campus in New Albany, Ohio, as well as a $2.75 billion upsizing of an existing $3 billion 2024 borrowing base loan.

Vantage now has a total of $8 billion for the continued expansion of its North America footprint.