Cosentry Closes Recapitalization to Enable Continued Growth

Cosentry Closes Recapitalization to Enable Continued Growth(Ping! Zine Web Tech Magazine) – Cosentry Holdings, Inc.(“the Company”) has completed a refinancing of the Company’s existing credit facilities that provides the Company with up to $100 million of capital to enable its continued expansion and future growth initiatives.

Entities sub-advised by an affiliate of GSO Capital Partners LP ¹ (the credit business of Blackstone) provided the credit facility to Cosentry. Proceeds from the recapitalization will be used to fund the expansion of Cosentry’s premier Midlands Data Center in Omaha, NE, which will be commissioned in October 2013, to fund other future expansion of facilities and capabilities and to repay its existing debt facilities

“We are very pleased to establish this partnership with GSO Capital Partners as we enter a period of even more rapid expansion and growth than we have experienced historically,” said Mike Polcyn, CFO of Cosentry. “Our clients and partners have relied on our ability to expand and innovate, and this new credit facility assures we will continue to meet their needs.”

Cosentry currently has a network of six data centers located in the Midwest serving enterprise and mid-market clients. Continued demand for high quality data center services has driven the company to continuously expand and develop new facilities and technology solutions.

About Cosentry

Cosentry is the trusted leader in Midwest data center services, providing solutions that allow its customers to focus on their core business, knowing that their IT Infrastructure is operating at the highest level of reliability, performance and security. Cosentry has more than a decade of experience providing data center services, including Colocation, Managed Services and Cloud solutions, throughout the Midwest region. Cosentry operates as its customers’ local business partner, tailoring solutions to meet each customer’s unique IT business and technical requirements. Whether you are virtualizing, consolidating, optimizing or fully outsourcing your data center and IT infrastructure, Cosentry can help with resilient and versatile solutions. For more information, contact Cosentry at (888) 708-0014 or visit http://www.cosentry.com.

About Blackstone and GSO Capital Partners

Blackstone is one of the world’s leading investment and advisory firms. Blackstone’s credit business, GSO Capital Partners LP, with approximately $58 billion of assets under management as of March 31, 2013, is one of the largest credit-oriented alternative asset managers in the world and a major participant in leveraged finance. For more information, visit http://www.blackstone.com.

¹ FS Investment Corporation and FS Investment Corporation II (which are advised by FB Income Advisor, LLC and sub-advised by GSO / Blackstone Debt Funds Management LLC)

Advertisement