Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

J.P. Morgan and BofA Provide $150MM Credit Facility to Constant

byIan Koplin
April 23, 2021
in Deal Announcements

Constant, the creator of the Vultr cloud computing and bare metal platform, closed a $150 million credit facility from J.P. Morgan and Bank of America, including a $25 million uncommitted expansion option to accommodate future growth. Constant will use the additional capital to expand its global footprint of automated cloud infrastructure.

“We are excited to be part of Constant’s growth and to support the company with this new credit facility,” Melissa Smith, head of specialized industries and middle marketing banking at J.P. Morgan, said. “The independent cloud provider market is growing rapidly as developers around the world seek cost-effective alternatives to the large hyperscalers, representing a tremendous growth opportunity for Constant.”

Constant is a cloud computing platform built without raising equity financing. The business was founded by David Aninowsky, who now serves as executive chairman, and the Vultr platform was launched in 2014.

451 Research, an S&P Global advisory firm specializing in high-growth emerging technologies, defines the alternative or independent cloud provider market as delivering the core value proposition of cloud but in a simpler, easier-to-use and lower-cost way than the large hyperscalers.

“The cloud infrastructure market is inherently capital intensive, and reaching Constant’s size and growth rate without ever raising equity capital is unprecedented in this market. This highlights the strength of our technology platform and team,” J.J. Kardwell, CEO of Constant, said. “As a company, we operate independently, like our customers do. We put the needs of our developer customers first, and we have grown to be a leader in the market by delivering enterprise-grade cloud computing at a price and ease of use that is accessible for developers and businesses of all sizes around the world.”

More than 40 million cloud servers have been launched on the Vultr platform.

Previous Post

White Oak Commercial Finance Delivers $3MM Recourse Factoring Facility to Transportation Factor

Next Post

Deerpath Capital Management Closes $360MM CLO

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

eCapital Provides $18MM ABL Facility to Industrial Manufacturer

October 23, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

JPalmer Collective Provides Credit Facility to Baked by Melissa

October 23, 2026
Deal Announcements

Chicago Atlantic Provides $17.5MM Senior Secured Term Loan to Azuna

October 23, 2026
Deal Announcements

AlTi Global Enters $85MM Senior Secured Credit Facility

October 23, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Westrock Coffee Closes Upsized $600MM Credit Facility Refinancing

October 23, 2026
Deal Announcements

Abacus Finance Group Provides Senior Debt Financing to Support Fengate Private Equity

October 23, 2026
Next Post

Deerpath Capital Management Closes $360MM CLO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TMA Leading Edge Series with Hannah Robb: Turnaround Talent: Built for Crisis

TMA Leading Edge Series with Hannah Robb: Turnaround Talent: Built for Crisis

October 2, 2026

Why Venture Debt Defies Broad Labels

October 14, 2026

When the Tariff Bill Lands in the Borrowing Base: ABL Mechanics Under Import-Cost Inflation

September 24, 2026

Sorry, It Was Nothing Personal

October 11, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Molloy Associates
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years