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365 Data Centers

365 Data Centers Refinances Existing Debt to Propel Future Growth

365 Data Centers recently 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. 

This announcement comes at the onset of increased demand for colocation, network and cloud services at the company’s 13 connectivity-rich data centers, 86 network points of presence and seven cloud regions. These financing commitments will aid in 365’s plans for further internal and external growth. 

“Our demonstrated ability to finance, acquire, and integrate complementary assets into a scalable Infrastructure-as-a-Service (IaaS) 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.”

As a single-source for a colocation, cloud and network strategy and an all-inclusive provider of IaaS, 365 Data Centers can integrate, connect, deploy and manage a complete IT infrastructure solution for businesses. Their expansive suite of solutions, including secure and reliable edge colocation, nationwide network connectivity, cloud compute and storage, DRaaS, BaaS, and business continuity services. Additionally, they offer businesses maximum reliability with its high-speed, nationwide network connectivity offerings, including dedicated internet access, ethernet transport and dark fiber deployments. 

Read the entire press release here.

For more information on 365 Data Centers, visit 365datacenters.com.

 

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