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Tuesday, January 26, 2021

Cologix Adds $255Mn for Additional Growth

Cologix has entered into amended and expanded secured credit facilities totaling $255 million.

The financing enables Cologix to continue to build and acquire interconnection-focused data centers.

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 CFO 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.”

“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,” added RBC Capital Markets managing director Scott Johnson.

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