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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Compass Datacenters Increases Credit Facility to $135MM; CIT New Lender
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Lenders/Participants
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KeyBank [Syndication Agent]
CIT Bank [Lender]
Regions Bank [Lender]
Raymond James [Lender]
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Structure
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Credit Facility Increase
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Amount
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$135.000
Million
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Borrower(s)
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Compass Data Centers
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Description
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KeyBank, as syndication agent, has secured a $25 million credit commitment from CIT Group Inc. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. CIT joins Compass' other financial partners including KeyBank, Regions Bank and Raymond James. Compass will use this credit facility to fulfill customer orders for data center facilities and expand Compass' operations into additional metro areas with burgeoning demand for dedicated data centers. This latest commitment brings the total credit facility to $135 million. Transaction details not disclosed.
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Industry
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Technology
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| Related Tags |
CIT Group, KeyBank, Raymond James, Regions Bank
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ABL Advisor
Deal Tables
2025
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