Data center firm Cologix mobilizes credit facilities for $255 mn

Cologix, a data center company, has mobilized credit facilities for $255 million.

The financing enables Cologix to continue to build and acquire interconnection-focused data centers. The credit facilities also provide for an option to flex further with a $60 million uncommitted incremental accordion facility.

Cologix Chief Financial Officer Brian Cox said: “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 US-based company said it operates data center facilities in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, Toronto and Vancouver. With more than 350 network choices and 21 prime interconnection locations, Cologix currently serves over 850 carrier, managed services, cloud, media, content, financial services and enterprise customers.

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