NTT Global Data Centers Seeks $1 Billion for US Data Center Buildout
Updated
Updated · Bloomberg · Jun 11
NTT Global Data Centers Seeks $1 Billion for US Data Center Buildout
3 articles · Updated · Bloomberg · Jun 11
Summary
$1 billion or more is being sought by NTT Global Data Centers to fund new US data center development projects, according to people familiar with the matter.
Citigroup is working with the NTT unit on the fundraising, which would sell stakes in a development company set up for the new US projects.
Investor demand could push the equity raise above $1 billion, and the company may also add a credit facility to support the buildout.