Paul Hastings Advises the Initial Purchasers on QTS Data Centers’ $4.6 Billion Notes Offering

Paul Hastings LLP advised J.P. Morgan Securities, SMBC Nikko Securities America, Goldman Sachs & Co., Wells Fargo Securities and the other initial purchasers in connection with the offering of $4.6 billion of 5.700% senior secured notes due 2036 by QTS Fayetteville I DC1-2 and QTS TRS Fayetteville I DCI-2, indirect subsidiaries of Blackstone portfolio company QualityTech. This transaction is the first non-recourse single asset project bond by a data center project company in the Rule 144A/Regulation S market.

Energy & Infrastructure co-chair Greg Tan, partners Alex Herman and Rita Ghanem and associate Anna Barbosa led the Paul Hastings team, which included partners Matthew Nemeth, Greg Spitzer and Jason Stratmoen, of counsel Ashiq Aziz, Justin Orr and Matthew Sommer and associates Scott Clark, Min Hwang, Gaby Jassir, Jessica Kelly, Sohail Khan, Nelson E. Mendez Valentin, Ruonan Song, Katie Warshauer and Will Yu.

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