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Stock impact report

QTS Seeks $2 Billion Bank Backing To Secure Data Center Power [Yahoo! Finance]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Yahoo! Finance
Blackstone Inc. ( NYSE:BX )-backed QTS is now in talks with banks for about $2 billion in arrangements tied to securing electricity, according to people familiar with the discussions. The company is approaching as many as a dozen lenders to guarantee the fees it owes to utilities, while also working through pricing with several firms. The structure could allow QTS to secure access to power capacity without immediately drawing debt, a dynamic that reflects how capital strategies are evolving as demand for data centers continues to accelerate. Warning! GuruFocus has detected 6 Warning Signs with BX. Is BX fairly valued? Test your thesis with our free DCF calculator. At the center of these discussions is a financing mechanism that is gaining traction across the sector. In what is known as a performance letter of credit facility, banks agree to backstop utility payments if operators fail to meet their obligations, with debt only drawn in that scenario. This approach could help data Show less Read more
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