(Ping! Zine Web Tech Magazine) – Cologix™, a network neutral interconnection andcolocation company, announced today that it has 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, Chief Financial Officer, Cologix. “We are pleased to continue our relationships with these existing financial partners.”
The transaction was led by Royal Bank of Canada as Administrative Agent and included JPMorgan Chase as Documentation Agent. The remainder of the syndicate includes Bank of America and Scotia Bank.
About Cologix, Inc.
Cologix, Inc. is a network neutral interconnection and colocation company headquartered in Denver, Colorado, that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located facilities in Dallas, Minneapolis, Montreal, Toronto and Vancouver. With more than 300 network choices and eleven prime interconnection locations, Cologix currently serves over 550 carrier, managed services, cloud, media, content, financial services and enterprise customers. The company’s experienced team of communications infrastructure professionals is committed to providing its customers the highest standard of local customer support.
For more information about Cologix, please visit the company’s website at http://www.cologix.com.