Daily News: April 16, 2014

Bank Syndicate Arranges Vantage Data Centers Facility Increase

Vantage Data Centers announced that it amended and upsized its revolving credit facility from $210 million to $275 million.

RBC Capital Markets, Bank America Merrill Lynch, KeyBank Capital Markets, SunTrust and Regions Capital Markets served as joint lead arrangers. ING Capital was managing agent and RBC Capital Markets served as the sole bookrunning manager. Royal Bank of Canada was the administrative agent. The bank syndicate also includes Barclays and Western Alliance.

“We are pleased to close on this oversubscribed, upsized financing with the strong support of five existing banks and three new lenders,” said Sureel Choksi, president and CEO, Vantage Data Centers. “This financing enables Vantage to continue to support the growth of our customers by pursuing significant expansion in Santa Clara, Quincy, and potential new markets.”

Vantage provides data center solutions.