Marathon Capital, LLC (“Marathon”) has announced that Nautilus Data Technologies, Inc. (“Nautilus”) has entered into a definitive agreement on a $100 million multi-draw, senior secured debt facility with Orion Energy Partners, L.P. (“Orion Energy”) to finance the construction of its colocation data center (“Stockton I”) and subsequent expansion. Stockton I is a 6 MW ultra-efficient, high-density, water-cooled data center located in Stockton, CA.
Marathon acted as exclusive financial advisor to Nautilus on the transaction initially leading the identification and selection of financing partners to the project. Marathon then provided structuring, financial modeling and negotiation support leading to the execution of the project financing.
Nautilus is a global pioneer in data center cooling innovation, delivering a water-cooled data center that operates more efficiently and less expensively than conventional air-cooled facilities, while achieving higher environmental standards. Nautilus is focused on developing and operating high-density resource efficient data centers, with patented highly efficient water-cooling technology, called TRUETM (Total Resource Usage Effectiveness), that will significantly reduce operating costs and total environmental and carbon footprint.
The Stockton I data center will commission in 4Q2020, using naturally cold water in an open and closed loop system of heat exchangers to cool client environments more efficiently when compared to the conventional HVAC solutions found in air-cooled data centers. Importantly, Nautilus’ environmentally innovative solution can deliver up to 5.0x more power density per rack with a smaller footprint, enabling the widespread availability and affordability of high-performance computing for artificial intelligence, machine learning, healthcare, gaming, and other compute-intensive applications, accelerating the substantial economic, social and environmental benefits they provide.
“Jorge and his team at Marathon Capital performed exceptionally throughout this entire process. We secured a partner who respected our vision and Nautilus’ intended strategy for business growth. Marathon successfully found that partner in Orion Energy. This partnership will continue to support the construction of future projects in our pipeline and we look forward to working alongside the Orion Energy team.” – James L. Connaughton, CEO, Nautilus Data Technologies
“We had the privilege of working alongside Nautilus’ talented management team which is leading the transformation to sustainability in data centers. Furthermore, as all of us navigated the unexpected and very real challenge of a global pandemic during the negotiation, diligence and closing process, Orion Energy proved to be a flexible and pragmatic financing partner. We are proud to have been part of this important project milestone.” – Jorge Rodriguez, Head of Debt Capital Markets, Marathon Capital
About Nautilus Data Technologies
Nautilus Data Technologies has created the world’s most environmentally innovative water cooled data center design, setting a new standard for efficiency, sustainability and global scalability. Nautilus’ patented TRUETM (“Total Resource Usage Effectiveness”) cooling system integrates proven maritime and industrial water cooling technologies with next generation data center infrastructure to mark a new era of performance for the data center industry. TRUETM reduces computing cost, cuts power use, eliminates water consumption, produces no wastewater, uses no harmful refrigerants, and lowers air pollution and greenhouse gas emissions. TRUETM further enables the widespread availability of high-performance computing for artificial intelligence, machine learning, healthcare, gaming, and other compute-intensive applications, accelerating the substantial economic, social and environmental benefits they provide.
For more information, visit www.NautilusDT.com.