Compass Datacenters, a data center company based in Dallas founded in 2011, has completed a new capital raising cycle to support the business expansion on additional geographic markets and to finance new data center construction projects for clients.
The new capital consists of $ 35 million in additional commitments of equity and $ 65 million in additional capacity in Compass' now $ 110 million revolving credit facility.
additional capital is provided by the original investors round before Compass financing, and additional capacity under the revolving credit facility was provided through a syndicated credit facility by KeyBank, NA, bringing Regions Bank and Raymond James in the installation. The revolving credit line keeps an accordion option to the credit facility to be migrated at a later date by an additional $ 40 million for a total of $ 150 million.
model data center
"This funding provides Compass Datacenters resources to bring our data center model proven to more customers and more geographic regions who will lead the next stage of growth Compass, "said Chris Crosby, CEO of Compass Datacenters previously held the position of Vice President (SVP) of digital Realty Trust . "Our successful projects in markets such as North Carolina, Tennessee, Minnesota and Massachusetts have demonstrated our value proposition unique solution for customers, and these projects have also confirmed the quality of our design installation data center, the efficiency of our construction method, and our ability to achieve our six-month timeline construction.
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