Latisys Secures $200M Credit Facility With Three Big Banks

A Colorado-based data center operator is rounding up a few dollars-- about $200M more dollars to be exact. Latisys just announced it secured a $180M six-year loan and a $20M revolving credit facility to fuel accelerating growth, states Latisys CFO Doug Butler in an emailed announcement. The company secured the facility through RBC Capital Markets, TD Securities, and SunTrust Robinson Humphrey. Latisys plans to use the capital to continue its expansion, with data centers,technology, and personnel. Most recently, Latisys developed a second Denver area 82k SF 14mw data center, adding to its 30k SF facility already there.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity