Cologix announces new $255M credit facilities

By: InnovatioNews Tuesday July 28, 2015 0 comments Tags: Denver, Cologix, Brian Cox


DENVER -- Cologix, a network-neutral interconnection and data center company, announced it has entered into amended and expanded secured credit facilities totaling $255 million.Cologix_logoUSE

The company said the financing will enable it to continue to build and acquire premier interconnection-focused data centers sought by its customers.

Oversubscribed from the initial request, the credit facilities also provide an option for an additional $60 million uncommitted incremental accordion facility, Cologix said.

“The expanded credit facilities further empower Cologix to provide industry-leading, interconnection-focused co-location capacity in the markets we serve,” said Brian Cox, the company’s CFO.

“This financing augments Cologix’s robust balance sheet and cash flows to provide capital for further organic and inorganic opportunities driving our growth.”

RBC Capital Markets, TD Securities and CIT are joint lead arrangers and joint bookrunners for the first lien credit facility with Royal Bank of Canada serving as administrative agent and TD Securities and CIT serving as co-syndication agents.

The remainder of the first lien bank syndicate includes Scotiabank, CapitalSource, ING, JPMorgan Chase & Co., Bank of America and Raymond James. Goldman Sachs Specialty Lending Group is the sole lead arranger and administrative agent for the second lien.

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