# EDGAR Filing Document

**Accession Number:** 0001555595
**File Stem:** 0001193125-26-035615
**Filing Date:** 2026-2
**Character Count:** 15510
**Document Hash:** e0661ea2f6110881835bcc1f31932ab5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-035615.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001193125-26-035615

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20260203

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Compass Datacenters, LLC
- **CENTRAL INDEX KEY:** 0001555595

**ORGANIZATION NAME:**
- **EIN:** 453020506
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-05216
- **FILM NUMBER:** 26593283

**BUSINESS ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
- **BUSINESS PHONE:** 214-507-6691

**MAIL ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Compass Datacenters, LLC
- **CENTRAL INDEX KEY:** 0001555595

**ORGANIZATION NAME:**
- **EIN:** 453020506
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
- **BUSINESS PHONE:** 214-507-6691

**MAIL ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Compass Datacenters, LLC
- **CENTRAL INDEX KEY:** 0001555595

**ORGANIZATION NAME:**
- **EIN:** 453020506
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-05216

**BUSINESS ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
- **BUSINESS PHONE:** 214-507-6691

**MAIL ADDRESS:**
- **STREET 1:** 14180 N. DALLAS PARKWAY, SUITE 600
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period ________ to________** 

**Date of Report (Date of earliest event reported) ______________________** 

**Commission File Number of securitizer: ____________________** 

**Central Index Key Number of securitizer: ___________________** 

**Name and telephone number, including area code, of the person to** 

**contact in connection with this filing** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of depositor: 0001555595** 

## Compass Datacenters Issuer III, LLC

## Compass Datacenters Canada Issuer III Limited Partnership
**(Exact name of issuing entity as specified in its charter)** 

**Central Index Key Number of issuing entity (if applicable): N/A** 

**Central Index Key Number of underwriter (if applicable): Not applicable** 

**Jared Day, President (214) 864-9349** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing** 

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**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

**INDEX OF EXHIBITS** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>Exhibit 99.1</u> | Independent Accountants' Agreed-Upon Procedures Report, dated January 2, 2026, of KPMG. |

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| COMPASS DATACENTERS, LLC | COMPASS DATACENTERS, LLC | COMPASS DATACENTERS, LLC |
| By: | /s/ Jared Day | /s/ Jared Day |
|  | Name: | Jared Day |
|  | Title: | President |

---

Date: February 3, 2026

## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| ![LOGO](g41444g49w36.jpg) | <br> ![LOGO](g41444g04i05.jpg)  |

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**Independent Accountants' Agreed-Upon Procedures Report** 

Compass Datacenters, LLC (the "Company")

Guggenheim Securities, LLC (the "Structuring Agent")

(together, the "Specified Parties")

Re: Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III Limited Partnership, Secured Data Center Revenue Term Notes, Series 2026-1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "3.3.1.7-1 Compass New Trust Datatape 2026-1.xlsx" provided by the Structuring Agent on December 1, 2025, on behalf of the Company, containing information on 23 data center lease agreements (the "Lease Agreements") as of December 1, 2025 (the "Data File"), which we were informed are intended to be included as collateral in the offering by [Keywords] and Compass Datacenter Canada Issuer III Limited Partnership. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless
otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found
it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts were within $1.00, percentages were within
0.1%, and Start Date and Expiration Date were within 3 days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Statistical Calculation Date" means December 1, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Lease Documents" means the following documents provided by the Company for each Lease
Agreement in the Data File: data center lease agreements, master service agreements, service orders, and associated amendments. We make no representation regarding the validity or accuracy of these documents or the execution of the Lease Documents
by the tenants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Tenant Rating Screenshots" means screenshots containing tenants' (i) Standard and
Poor's ("S&P") long term bond credit ratings, or (ii) equivalent Moody's Investor Services ("Moody's") or Fitch Ratings Inc. ("Fitch") long term bond credit ratings where S&P ratings
were not available as of the Statistical Calculation Date, provided by the Structuring Agent on December 1, 2025, on behalf of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Source Documents" means the Lease Documents and Tenant Rating Screenshots.

![LOGO](g41444g61k02.jpg)

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![LOGO](g41444g26y87.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Instructions" means the instructions provided by the Company pertaining to a procedure,
attribute, or methodology as described in Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Statistical Calculation Date, Source Documents, and
Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

For each Lease Agreement in the Data File, we compared or recomputed the specified attributes in the Data File listed in Exhibit A to or using the corresponding information included in the Source Documents, utilizing the Instructions, as applicable, listed in Exhibit A. The Specified Parties indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the Data File to the Source Documents for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception.

We found such information to be in agreement.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Lease Agreements, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Lease Agreements to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Lease Agreements being securitized, (iii) the compliance of the originator of the Lease Agreements with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Lease Agreements that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

January 2, 2026

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**Exhibit A** 

**Attributes, Source Documents and Instructions** 

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| | | | |
|:---|:---|:---|:---|
| **#** | **Attribute Name in Data File** | **Source Documents** | **Instructions** |
| 1 | Tenant / Lease Name | Lease Documents | Not Applicable ("N/A") |
| 2 | Tenant Credit Rating | Tenant Rating Screenshot | N/A |
| 3 | Campus | Lease Documents | N/A |
| 4 | Lease Type | Lease Documents | If the Lease Documents indicate that only the landlord is responsible for the operating cost obligations, Lease Type is "MG&E."<br>If the Lease Documents indicate that both the landlord and the tenant are responsible for the operating cost obligations, Lease Type is "NNN." |
| 5 | Lease Currency | Lease Documents | N/A |
| 6 | Start Date | Lease Documents | N/A |
| 7 | Expiration Date | Lease Documents | If Expiration Date is not listed in the Lease Documents, recompute Expiration Date by adding Original Term to Start Date. |
| 8 | Payment Frequency | Lease Documents | N/A |
| 9 | Original Term<br> (months) | Lease Documents | If Original Term is not listed in the Lease Documents, recompute Original Term as the number of months between the Start Date and Expiration Date. |
| 10 | Remaining Term<br> (months) | Lease Documents | Recompute Remaining Term as the number of months between Statistical Calculation Date and Expiration Date. |
| 11 | Total Renewal Options<br> (months) | Lease Documents | N/A |
| 12 | Remaining Term Incl. Renewals | Lease Documents | Recompute Remaining Term Incl. Renewals by adding Total Renewal Options to Remaining Term. |

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| | | | |
|:---|:---|:---|:---|
| **#** | **Attribute Name in Data File** | **Source Documents** | **Instructions** |
| 13 | Capacity Leased (KW) | Lease Documents | If the Lease Documents list multiple Capacity Leased (KW) amounts under a singular capacity phase, recompute Capacity Leased (KW) by aggregating the Capacity Leased (KW) amounts listed for such capacity phase. |
| 14 | Capacity Ramped (KW) | Source Documents | N/A |
| 15 | Rent ($/KW) | Lease Documents | Recompute Rent ($/KW) by dividing (A) the total monthly rent as of the Statistical Calculation Date listed in the Lease Documents by (B) Capacity Leased (KW) |
| 16 | Escalator Rate (%) | Lease Documents | N/A |

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