US$775 million financing of a portion of the acquisition of a majority stake in Ascenty LLC by Digital Realty. Ascenty is one of Latin America’s largest data center providers, with 14 data centers in operation and / or under construction. 

• This transaction is the first >$500m USD-denominated data center debt financing in Latin America: 

o  Applied lessons learned in data center financings in Europe, the U.S., and Asia to the fast-growing Latin American market 

o  Expected to serve as a template for future telecom financings in Latin America, a market that is expected to continue to grow quickly as the network continues to densify to support 4G penetration and eventual 5G roll-out in certain areas of the region (which will require data centers, towers, metro fiber, and long-haul fiber [both terrestrial and sub-sea]). 

• It's a hybrid debt transaction variously involving banks’ project finance, leveraged finance, and real estate finance teams 

• $775m underwriting provided by three Joint Lead Arrangers and Bookrunners in a new sector; Joint Lead Arranger and Bookrunners’ commitments delivered in the midst of the 2018 Brazilian federal elections, and prior to the debt financing being launched in the bank market.