CloudHQ Seeks to Raise $1.4 Billion From Data-Center ABS Deal

Data-center operator CloudHQ plans to raise $1.4 billion through US asset-backed securities backed by a pair of Virginia facilities leased to undisclosed hyperscalers.

Moody’s Ratings and S&P Global Ratings published premarketing notes Wednesday for a planned five-part deal due in 2031, with closing expected around end of April. Moody’s described the transaction as CloudHQ’s first hyperscale data-center ABS issuance.