December 04, 2013
Upsizing was oversubscribed, adding incremental borrowing capacity to support expansions and acquisitions
Cologix™, a network neutral interconnection and data center company, announced today that it has increased its Credit Facility to $165.0 million with amended terms to enable further growth initiatives. The transaction was substantially oversubscribed from the initial request. The facility also provides for an option to flex further through a $50 million uncommitted incremental term loan. Proceeds from the facility will support the Company’s ongoing acquisition and expansion activities.
“Since inception, Cologix has focused on building a fully integrated network-neutral interconnection-focused colocation platform through acquisition and expansion” said Brian Cox, Chief Financial Officer, Cologix. “We are pleased with the market’s response and look forward to putting the capital to work for the benefit of our customers, employees and investors. It was most pleasing to have all four existing banks participate in the new facility and we are delighted to welcome the five new lenders to the group.”
RBC Capital Markets and TD Securities are Joint Lead Arrangers and Joint Bookrunners for the transaction with Royal Bank of Canada serving as Administrative Agent and TD Securities serving as Co-Syndication Agent. The remainder of the syndicate includes Scotia Bank, Capital Source, ING, JPMorgan Chase, Bank of America, CIT, and Raymond James.
“RBC Capital Markets has been Cologix’s lead arranger since 2011 and we are pleased with the strong level of lender interest for this transaction,” said Scott Johnson, Managing Director, RBC Capital Markets. “Furthermore, the debt upsizing positions the company well for both organic growth opportunities and potential acquisitions.”
About Cologix, Inc.
Cologix, Inc. is a network neutral interconnection and data center company headquartered in Denver, Colorado, that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located facilities in Dallas, Jacksonville, Minneapolis, Montreal, Toronto and Vancouver. With more than 330 network choices and sixteen prime interconnection locations, Cologix currently serves over 600 carrier, managed services, cloud, media, content, financial services and enterprise customers. The company’s experienced team of communications infrastructure professionals is committed to providing its customers the highest standard of local customer support.
Julia Kendall - Cologix
Office: +1 720.940.2559
Mobile: +1 303.522.9758