Cologix Secures $1.5 Billion USD in Capital to Fund New Data Center Development

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Cologix, a leading network-neutral interconnection and hyperscale edge data center company in North America, today announced it has secured $1.5 billion USD in capital through a combination of debt and equity financing to fuel its next phase of strategic growth.

The capital raises include a $1.0 billion USD revolving multi-asset development debt facility and an additional $500 million USD in equity from both new and existing investors. The debt facility is structured to provide Cologix with the flexibility to add new sites over time, offering quick access to capital to fund development projects as needed. Both the debt and equity raises received strong investor demand and were oversubscribed, underscoring their confidence in Cologix's proven business model, growth potential and ability to execute on its strategic initiatives.

"This is a significant milestone for Cologix and demonstrates the continued trust of our investors, both new and existing," said Scott Schneider, CFO of Cologix. "The combination of debt and ...