The Hosting News: Latisys Secures $155 Million Credit Facility
Latisys Secures $155 Million Credit Facility
Latisys, a leading national provider of IT outsourcing solutions from data center colocation to cloud, announced today a new $155 million credit facility which comes on the heels of Forbes recognizing Latisys as #23 on the Top 100 list of America’s Most Promising Companies. The new credit facility was oversubscribed with commitments from several leading sector lenders – reflecting continued strong support for the company’s operational execution, growth prospects and platform of high density data centers and cloud services.
Heading into 2012, Latisys continues to experience rapid growth. The availability of new capital will be utilized in part to expand Latisys’ current data center colocation footprint, construct its 2nd Tier III datacenter campus in the Denver, Colorado market, and drive expansion of managed and cloud services nationally. In 2011, Latisys added a new 93,000 square foot facility in Irvine, California and opened a 48,000 square foot data center in Chicago—both engineered to support high density customer deployments. Latisys also deployed its next generation managed hosting and cloud services platform.
“We continue to execute our strategic growth plan by investing in new and expanded facilities, leading cloud services platforms and highly skilled people,” said Doug Butler, Chief Financial Officer for Latisys. “Along with the capital support of our investors, the new credit facility supports our ability to aggressively pursue the tremendous business opportunities we see across all key markets today, and secures our foundation as we expand our suite of IaaS services to support evolving customer needs.”
The oversubscribed $155,000,000 credit facility is funded by a consortium of eight leading financial institutions, including: RBC Capital Markets, TD Securities, SunTrust Robinson Humphrey, Bank of America, CapitalSource, GE Capital, CoBank and Caterpillar Financial Services Corp.
Latisys is a leading national provider of colocation, managed hosting, managed services, disaster recovery and private cloud solutions to medium-sized businesses, enterprise customers and government agencies. With a heritage serving business customers since 1994, and multiple high-density, SAS70 Type II compliant data centers across the United States, Latisys offers scalable outsourced IT infrastructure management solutions that provide customers what they need, when they need it. The firm’s recently completed, state-of-the-art Tier III data center campus in Ashburn, Virginia complements existing facility operations in Chicago, Denver and Irvine, California. As a data center-centric company, Latisys is quickly becoming the hosting, colocation and cloud services company of choice for companies that demand more from their IT infrastructure partner. All while optimizing clients’ return on investment. All while ‘delivering more_’. Call 1-866-956-9594 or visit http://www.latisys.com for additional information.