Antares served as joint lead arranger, sole bookrunner and administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for 365 Data Centers.
Acquired by the current owner-operators in 2017 and with corporate offices in Norwalk, CT, 365 Data Centers provides hybrid data center services for carrier, content and enterprise customers. Chirisa Investments, Lumerity Capital and Longboat Advisors are equity investors in the company.
“Antares is a leading lender in the data center sector, so they have a deep understanding of our business and keen appreciation for our growth potential,” said Bob DeSantis, CEO of 365 Data Centers. “The Antares team was flexible and professional in delivering financing that strengthens our ability to continue executing on our plans for strategic acquisitions as well as organic growth initiatives.”
“365 Data Centers has a demonstrated ability to acquire and integrate complementary platform assets and has become a scalable provider of hybrid data center services, all while improving financial results and remaining focused on the customer,” said Sean Sullivan, managing director for Antares. “We look forward to working closely with the 365 Data Centers team as they continue to prudently invest and drive value for their investors and customers alike.”
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and provider of financing solutions for middle-market private equity-backed transactions.
