Simpson Thacher represented affiliates of QualityTech, LP (“QTS”), in connection with an inaugural Rule 144A/Regulation S offering of over $4.5 billion aggregate principal amount of Senior Secured Notes due 2036. The net proceeds of the offering were used to repay the outstanding obligations under existing credit facilities, with disbursements covering investments in projects pursuant to the QTS Green Finance Framework, and for general corporate purposes. The offering closed on April 15, 2026.
QTS is a leading provider of data center solutions to the world’s largest and most sophisticated hyperscale technology companies, enterprises and government agencies. It operates more than 90 data centers across over 20 markets with approximately 99% occupancy, supported by over 2,000 employees. Through its technology-enabled platform, delivered across mega-scale data center infrastructure, QTS offers a comprehensive portfolio of secure and compliant information technology solutions. In 2021, QTS was acquired by Blackstone in a $10 billion privatization through perpetual capital real estate and infrastructure funds.
The Simpson Thacher team included Jonathan Ozner, Ignacio Perez, Tina Tang, Minaal Wickremesinghe and Sandy Cho (Capital Markets); Whitney Salinas, Sam Rudik, Ari Goldman, Clark Vaughn, Grant Emrich and Isabel Florentino (Real Estate); Sam Saunders, John Anselmi, Mari Zaldivar, Seojin Park and Ian Holtz (Energy & Infrastructure Finance); Jonathan Cantor and Benjamin Bressler (Tax); Toby Chun and Deepa Sarkar (Environmental); Jonathan Pall (Collateral); Ron Ben-Yehuda and Alexander Kokka (IP); George Gerstein (ERISA); Andrew Blau, Scott Schilson and Sam Elmi (ECEB); Leah Malone and Taylor Cowan (ESG); and Abram Ellis, Claire Cahoon and Shuhan Fan (Regulatory). Siobhan Lam provided valuable assistance.