365 Data Centers, a leading network-centric colocation provider to carrier, content and enterprise customers in strategic edge markets, today announced that it has refinanced all of its existing debt and secured additional financing commitments from TD Securities, ING Capital LLC, CIT Group, Regions Capital Markets, and Boundary Street Capital. TD Securities served as Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the financing.
Driven by increased demand for colocation, network, and cloud services at its 13 network connectivity rich, carrier meet-me-point data center facilities, 86 other network points of presence, and 7 cloud regions, the financing commitments come as 365 plans for further internal and external growth.
“Our demonstrated ability to finance, acquire, and integrate complementary assets into a scalable Infrastructure-as-a-Service platform while generating strong financial results rendered an attractive financing opportunity to a syndicate of lenders that are the leaders in the data center financial markets,” said Bob DeSantis, CEO of 365 Data Centers. “This refinancing, on very favorable terms, will measurably increase 365’s cash flows and secures significant funding commitments to enable us to continue to make prudent investments in support of 365’s acquisition and customer growth strategies.”
“TD is pleased to have led this important financing for 365," said Edward Kim, Director with TD Securities. “We have continued to be impressed by the Company’s cadence of growth, both organically and through acquisition, and we look forward to supporting 365’s management team and ownership in its next phase of expansion in the coming years."