We have successfully increased and extended our borrowing capacity at more favorable terms and pricing providing the company with greater flexibility within its financial structure to invest in future opportunities.
Denver, Colorado (PRWEB) November 23, 2011
Cologix™, a network neutral interconnection and colocation company, announced today that it has increased its borrowing capacity, extended the maturity date of its credit facility, and added two new institutions to its bank syndicate. Proceeds will support the Company’s ongoing acquisition and expansion activities.
"RBC Capital Markets and JPMorgan Chase have been great supporters of our business so far and we are very pleased to add Bank of America and Scotia Bank to our existing lender group,” said Brian Cox, Chief Financial Officer, Cologix. “We have successfully increased and extended our borrowing capacity at more favorable terms and pricing providing the company with greater flexibility within its financial structure to invest in future opportunities."
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.
“JPMorgan Chase is excited to continue to build upon our relationship with Cologix and its management team by providing growth capital financing for this Denver based company,” said Todd Munson, President of JPMorgan Chase in Colorado. “Companies such as Cologix are key employers and growth engines for our community.”
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. With more than 200 network choices and nine prime interconnection locations, Cologix currently serves more than 400 carrier, media, 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.
# # #