Cologix Announces Amended And Expanded $255 Million Credit Facility
Expanded credit facilities increase debt capital capacity to support expansions and acquisitions.
Cologix has announced that it has entered into amended and expanded secured credit facilities totaling $255 million.
The financing enables Cologix to continue to build and acquire premier interconnection-focused data centers sought by its customers. The transaction was oversubscribed from the initial request. The credit facilities also provide for an option to flex further with a $60 million uncommitted incremental accordion facility.
“The expanded credit facilities further empower Cologix to provide industry leading interconnection-focused colocation capacity in the markets we serve,” said Cologix chief financial officer Brian Cox. “This financing augments Cologix’s robust balance sheet and cash flows to provide capital for further organic and inorganic opportunities driving our growth. We appreciate our lending institutions for their support.”
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.
“The Company has done a terrific job expanding its business through multiple acquisitions and organic growth, and RBC Capital Markets is pleased to continue to lead arrange the Company’s debt financings,” said Scott Johnson, RBC Capital Markets managing director.