Daily News: June 3, 2013

KeyBank RE Capital Arranges Revolver for BYTEGRID

BYTEGRID, a national data center company focused on the nationwide acquisition, development and operation of premier wholesale data center facilities, announced an initial $25 million revolving credit facility that includes an accordion feature allowing the company to increase the size of the revolving credit facility up to $100 million.

The revolving credit facility was arranged by KeyBank Real Estate Capital which also serves as the facility’s administrative agent.

The funding will support BYTEGRID’s national expansion strategy focused on increasing data center capacity primarily in underserved markets.