DLA Piper represented Stack Infrastructure, Inc. (Stack), a wholesale data center company, in its inaugural securitization, an US$850 million issuance of asset-backed secured notes. The notes are secured by pledged mortgages, deeds of trust and/or deeds to secure debt and the rights under certain tenant leases.
Stack aims to address the technology infrastructure needs of rapidly scaling enterprises and hyperscale companies. The existing Stack platform totals over 100 megawatts of capacity and approximately 1.5 million square feet in aggregate.
The DLA Piper team was led by partner David Ridenour (Washington, DC) and included partners Tom Geraghty (Chicago), Amy Carbins, Sam Knowles (both of Washington, DC), Mark Friedman (Baltimore), Ronan Mellon (London), Timothy Evans (Los Angeles), Christina Houston (Wilmington), Barbara Trachtenberg and Andrew Sroka (both of Boston); senior counsel Marshall Taylor; of counsel Lucien White (New York) and Marlene Bidelman (Atlanta); attorney Alison Pearman (Washington, DC); and associates Thanos Matthai (Boston), John Murphy (New York), Stephanie Pfaff (San Diego), Emily Campo, Clayton Culler and Charles Bell (all of Washington, DC).