Daily News: March 7, 2013

RBC Capital, Others Arrange $200MM Facility for Latisys

Latisys, a provider of Infrastructure as a Service (IaaS) solutions announced a new $200 million credit facility including a six-year, $180 million institutional term loan and a five-year $20 million revolving credit facility.

The credit facility, which was rated by Standard and Poor’s Rating Services and Moody’s Investors Service, was substantially oversubscribed with commitments from several leading sector lenders and institutional investors.

The oversubscribed $200 million credit facility was arranged by RBC Capital Markets, TD Securities (USA) and SunTrust Robinson Humphrey (each joint lead arrangers and bookrunners on the offering) and funded by a consortium of more than 20 leading financial institutions and institutional investors.

Over the past four years, Latisys has invested over $125 million to extend its datacenter colocation, hosting and cloud footprint to respond to increasing demand for IaaS and IT outsourcing. In 2012, Latisys completed construction of its 2nd Tier III datacenter campus in Denver, CO, and executed significant data center expansions in Ashburn, VA, Chicago, IL and Irvine, CA.

Latisys also deployed a next generation managed hosting and cloud platform and launched its unified service desk in 2012 — strategic technology and operational investments that enable Latisys to continue providing secure, scalable, high performance infrastructure outsourcing — particularly for mid-size and enterprise clients with complex, hybrid IaaS requirements.

The availability of new capital in 2013 will be deployed across Latisys’ IaaS platform to drive accelerating growth and customer acquisition.

Latisys is a national provider of colocation, managed hosting, managed services, disaster recovery and private cloud solutions to medium-sized businesses, enterprise customers and government agencies.