Two Canadian lenders have played key roles in U.S.-based data centre investor and developer Vantage obtaining a US$3-billion green loan.

Toronto-based TD Financial and Scotiabank served as joint bookrunners in the deal, which was led by San Francisco-based Wells Fargo. Denver-based Vantage said the loan will be used to fund the ongoing development of the company’s North America data centre platform, which includes 12 campuses in Canada and the U.S.

The Canadian data centres are located in Montreal and Quebec City.

The loan is in the form of a revolving credit facility with an initial capital pool of eight leased and greenfield sites in both new and existing market totalling 1.4 gigawatts of IT capacity.

“Our decision to pursue a flexible revolving credit facility allows us to access capital quickly and, therefore, begin development much earlier than project-specific loans, enabling Vantage to meet the ambitious timelines our customers require for critical IT capacity across North America,” said Christophe Strauven, senior vice-president of capital markets at Vantage, in a news release.

So far this year, Vantage has obtained about US$10 billion in financing to fund the company’s global growth. After obtaining the US$3-billion credit facility for North America projects, Vantage announced that it will invest US$1 billion in the development of a multi-phase data centre campus in Dublin.

The development marks Vantage’s entrance into the Irish market.