Cologix has closed a $525 million asset-backed securitization (ABS) to support the company’s growth in digital infrastructure. The secured notes are backed by Cologix’s COL4 data center in Columbus, Ohio, and structured with a five-year fixed term.
The transaction is Cologix’s fourth ABS issuance since 2021 and reflects the company’s continued use of the asset-backed securities market to fund growth. Proceeds will support strategic investments across Cologix’s Scalelogix and Digital Edge portfolio.
“As we kick off our next wave of growth, this financing will help us scale critical infrastructure to meet the increasing demands of hyperscale and inference AI applications,” said Scott Schneider, chief financial officer.
Cologix continues to expand its hyperscale edge footprint across North America. It previously secured ABS financing in 2021, 2022 and 2023. “This [latest] financing ensures we’re well-positioned to meet the needs of cloud providers, enterprise and AI customers seeking reliable, high-density interconnection at the edge,” said Laura Ortman, CEO.
Deutsche Bank Securities Inc. served as the lead bank on the transaction, while legal counsel was provided by King & Spalding.
