eStruxture Data Centers, a Canadian provider of network and cloud-neutral data center solutions, secured an expanded $170 million credit facility with a group of Canadian banks led by Scotiabank and National Bank of Canada. The combined financing transactions will allow eStruxture to accelerate its growth strategy of expanding existing data centers and acquiring new facilities and businesses across Canada.
“We consider this additional debt financing very important to our long-term growth strategy of becoming Canada’s leading provider of data center and connectivity services,” says Todd Coleman, president and CEO of Montreal-based eStruxture.
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Canada’s data center market is continuing to grow at a strong pace as cloud providers and hyperscalers look to take advantage of extremely favorable financial, environmental and regulatory conditions.
eStruxture will use the funds to stimulate its strategy of expanding its data center footprint throughout a variety of metropolitan areas across Canada in response to increasing demand for reliable, scalable infrastructure, high-density deployments and affordable, clean energy. It will also help complete facility expansions such as its state-of-the-art MTL-2 data center that will boast over 180,000 square feet, 30MW of power, high-efficiency cooling and the highest security standards. Moreover, the company has recently undertaken the expansion of its flagship Vancouver data center (VAN-1)and is in the process of building out a second facility (VAN-2) in the Greater Vancouver area.
