Codero Completes $10.498 Million Convertible Debt Offering

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New Financing Helps to Position Codero as a Leading Multi-Cloud Solutions Provider

Codero Holdings, Inc. (Codero), a leader in managed hosting services and technology enablement, announced the closing of the Company’s offering of 6% convertible secured subordinated notes due 2023. Codero closed on $10,498,000 of new funding on April 4, 2018. Proceeds from the offering were used to repay the Company’s existing senior indebtedness and supplement available working capital to accelerate the Company’s transformation to a managed cloud service provider.

“Businesses of all sizes are steadily moving their workloads onto a combination of data centers and platforms like Azure, AWS, VMware, and more,” said Codero’s CEO, John Martis. “With our company-owned Tier III data centers and our partnerships with organizations like Microsoft, Amazon, and Dell, we can help our customers through every stage of this complex journey – from planning, migrating, and optimizing – so they can securely connect disparate environments to drive IT efficiencies. This offering validates the confidence of our investors, as well as their endorsement of our long-term strategy.”

About Codero
Codero is an infrastructure and technology enabler that facilitates the adoption and use of advanced and custom cloud and technology solutions. A provider of dedicated, managed and hybrid cloud services, backed by exceptional customer service, Codero serves over 3,500 customers worldwide. Codero offers a portfolio of custom hosting and technology solutions focused on the specific needs of small and medium businesses and community anchor institutions. Codero helps customers and partners live and thrive in the cloud. Learn more about Codero at http://www.codero.com.

CONTACT INFORMATION
Media Inquiries
Dan Hoffman
Codero, Director of Marketing
dhoffman@codero.com
+1 408.234.5640

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Daniel Hoffman
Codero, Inc.
+1 (408) 234-5640
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