Royal Bank Agents Cologix Credit Facility Increase to $81.65MM
Cologix announced that it increased its credit facility to $81.65 million with amended terms to enable further growth initiatives. The transaction was oversubscribed from the initial request. The facility also provides for an option to flex further through a $25 million uncommitted incremental term loan. Proceeds from the facility will support the Company’s ongoing acquisition and expansion activities.
“Our lenders have been strong supporters of our business and instrumental to our growth strategy, both organically and through acquisition,” said Brian Cox, Cologix CFO. “We are pleased to continue our relationships with these existing financial partners.”
Royal Bank of Canada served as administrative agent and included JPMorgan Chase as documentation agent. The remainder of the syndicate includes Bank of America and Scotia Bank.
Denver-based Cologix provides interconnection services and colocation services in its Dallas, Minneapolis, Montreal, Toronto and Vancouver facilities.