DC BLOX, which operates Tier III-designed data centers located in Atlanta, Birmingham, Chattanooga, and Huntsville, secured $187 million in long-term financing led by Post Road Group and Bain Capital Credit.
Proceeds will be used to refinance DC BLOX’s existing credit facilities, add liquidity to DC BLOX’s balance sheet, and provide additional capital to fund continued investments in existing and new data center capacity.
“This financing would have not been possible without the efforts of our team and represents a significant milestone for the company. The trust and partnership we have developed with the teams at Post Road Group and now with Bain Capital Credit are instrumental to our continued growth plans,” commented Jeff Uphues, CEO of DC BLOX. “This capital will be immediately deployed to support growth in our existing facilities and accelerate the expansion of our Tier III-designed interconnected data center platforms in other markets throughout the Southeastern United States,” said Kevin O’Donnell, Chief Financial Officer.
http://www.dcblox.com
