Cologix, a number one North American supplier of network-neutral interconnection and hyperscale edge information facilities, has secured $1.5 billion USD in debt and fairness financing to propel its subsequent part of strategic development. The financing construction would assist Cologix’s growth of AI-ready information facilities throughout North America.
This funding, comprising $500 million USD in fairness from each new and present companions and a $1.0 billion USD revolving multi-asset improvement financing facility, equips Cologix with substantial capital to gas growth and new developments throughout key North American markets.
The substantial curiosity from buyers, leading to an oversubscription for each the debt and fairness rounds, would underscore market confidence in Cologix’s confirmed enterprise mannequin, its development potential, and its potential to satisfy strategic objectives within the evolving digital infrastructure panorama.
Scott Schneider, CFO of Cologix, described the funding as a milestone achievement for the corporate, highlighting the arrogance buyers, each longstanding and new, have in Cologix’s operational trajectory. “This funding supplies us with the pliability and assets wanted to handle the rising demand for digital infrastructure, significantly as AI, hybrid cloud, and connectivity necessities speed up,” mentioned Mr. Schneider. “The mixture of debt and fairness financing ensures that we’re well-equipped to develop and adapt to the dynamic market wants of our purchasers.”
AI Information Facilities in Columbus, Des Moines, Vancouver
The brand new funding can be instrumental in accelerating Cologix’s rollout of AI-ready information facilities, strategically positioned throughout North America to assist high-density, low-latency infrastructure wants. Particularly, Cologix plans to make the most of the funds for brand spanking new development on just lately acquired land in Columbus, Des Moines, and Vancouver, in addition to to drive continued improvement on its main campuses in core markets, together with Ashburn, Columbus, and Montréal. These amenities, as soon as absolutely developed, are anticipated to assist over 650 essential megawatts of sellable capability, addressing the growing demand for digital infrastructure throughout sectors.
This newest spherical of financing follows Cologix’s earlier asset-backed securitizations of $1.13 billion USD and $1.07 billion CAD since 2021, in addition to a $3.0 billion USD fairness recapitalization in 2022. Cologix would now be in a terrific place to pursue its long-term growth objectives and hold its aggressive benefit in a quickly altering digital market with these monetary foundations in place.
