Dec 14, 2021 | Posted by Abdul-Rahman Oladimeji
365 Data Centers has announced that it completed a round of debt refinancing while also raising new funds. The firm refinanced all its existing debt. It also secured more funds from ING Capital LLC, TD Securities, CIT Group, Boundary Street Capital, and Regions Capital Markets. 365 Data Centers said the financing commitments from the firms would be for its planned internal and external growth. However, the company did not reveal details of the debt load refinanced or additional financing secured.
CEO of 365 Data Centers, Bob DeSantis, said the new refinancing is very favorable to the company. He noted that it would significantly increase 365’s cash flows while also securing major funding commitments to ensure the company continues making the right investment. A Director with TD Securities, Edward Kim, commented that TD is happy to have led the significant financing for 365 Data Centers. He added that the company is pleased with 365’s growth and cadence, and it looks forward to supporting 365’s ownership and management team in the coming years.
