The Firm represented Flexential, a leading colocation, cloud computing and data center company, in connection with a $800 million revolving credit facility (the "Credit Facility") entered into by Flexential’s subsidiary on July 20, 2026 and subsequently upsized to the current size of $800 million on August 3, 2026. The proceeds of the Credit Facility were used to refinance Flexential’s existing credit facility and to support continued growth of Flexential’s data center assets. The Credit Facility matures on July 20, 2029.
The financing will support more than 130 megawatts (MW) of new capacity across four key markets in Flexential’s national platform, providing a scalable source of capital to build ahead of enterprise and AI-driven infrastructure needs. Projects currently under construction include a 36 MW facility in Atlanta-Douglasville, Georgia; a 36 MW facility in Portland-Hillsboro, Oregon; and a 22.5 MW facility in Denver-Parker, Colorado. Also planned are another 36 MW facility in Portland-Hillsboro and a 4.5 MW expansion adjacent to Flexential’s existing operations in Atlanta-Norcross, Georgia.
The Simpson Thacher team included John Anselmi, Sam Saunders, Khushboo Agarwal, Seojin Park, Jade Chow, Mazin Elhag and Ryan Callahan (Banking and Credit); Ari Goldman, Dennis Loiacono and Abigail Drucker (Real Estate); Jonathan Cantor and Heesang Yeo (Tax); Courtney Welshimer and Matthew Richardson (Intellectual Property); Michael Isby (Environmental); George Gerstein, Pasco Struhs and Christopher Torikoglu (Executive Compensation and Employee Benefits); and Jonathan Pall (Collateral).