DC BLOX, a provider of interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business, announced that it has secured $187 million in long-term financing led by Post Road Group and Bain Capital Credit. Proceeds will be used to refinance DC BLOX’s existing credit facilities, add liquidity to DC BLOX’s balance sheet, and provide additional capital to fund continued investments in existing and new data center capacity.
DC BLOX is among a few data center operators that have received large investments to enable mid-market and edge multi-tenant data center solutions. The company builds new, Tier III-designed, state-of-the-art data centers fully connected by a high-speed, low-latency private network throughout the Southeastern United States, including in Atlanta; Birmingham and Huntsville, Ala.; and Chattanooga, Tenn.
The company stands out as a unique pure-play data center operator focused on underserved growing cities. The new funding illustrates resounding trust in its strategic vision and leadership team implementing the company’s business plan to build and expand high-quality, multi-tenant data center facilities.