Posted By Rich Miller On January 9, 2009 @ 11:42 am In Switch and Data | 1 Comment
Switch and Data (SDXC) has borrowed an additional $22.5 million through an existing credit line, according to a filing  with the Securities and Exchange Commission. The company said it use the funds to support investments in its data center network in 2009, including the continued expansion of its new data center in North Bergen , New Jersey.
The $22.5 million was a delayed draw term loan built into Switch and Data’s March 2008 debt financing  from a syndicate of banks led by RBC Capital Markets and GE Corporate Lending. The agreement included an initial $120 million term loan, which was used to fund the lease for the New Jersey site.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2009/01/09/switch-and-data-taps-credit-line-for-22m/
URLs in this post:
 filing: http://biz.yahoo.com/e/090108/sdxc8-k.html
 data center in North Bergen: http://www.datacenterknowledge.com/archives/2008/10/21/switch-and-data-opens-nj-data-center/
 March 2008 debt financing: http://www.datacenterknowledge.com/archives/2008/04/01/switch-data-gets-funding-for-nj-data-center/
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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