Posted By Rich Miller On June 20, 2010 @ 8:57 pm In Telx | No Comments
Interconnection and colocation provider Telx Group has closed a $175 million senior secured credit facility, including a $25 million revolving line of credit, the company said . The proceeds of the senior secured credit facility term loan were used to repay a loan secured by its data center facility at 56 Marietta in Atlanta, and provide for future working capital requirements.
“This new secured credit facility strengthens our long-term capital structure and positions us for future growth as a leading provider of interconnection and colocation services,” said Chris Downie, President and Chief Financial Officer of Telx. “We are pleased to receive continued support from the financing community in recognition of Telx’s strong business model and continued growth.”
Telx has filed for an initial public offering  in which it hopes to raise up to $100 million. The company has grown its data center footprint since being acquired by private equity firm GI Partners  in 2006, and now operates 15 facilities with more than 480,000 square feet of data center space. Telx also owns the 56 Marietta carrier hotel in Atlanta, one of the primary connection hubs in that market.
Goldman Sachs Lending Partners LLC and Deutsche Bank Securities acted as Joint-Lead Arrangers and along with Royal Bank of Canada and SunTrust Robinson Humphrey as Bookrunners and ING Capital LLC as Documentation Agent.
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URL to article: http://www.datacenterknowledge.com/archives/2010/06/20/telx-lines-up-200-million-in-debt-financing/
URLs in this post:
 said: http://telx.com/Press-Releases/telx-closes-175-million-senior-secured-credit-facility.html
 initial public offering: http://www.datacenterknowledge.com/archives/2010/03/19/telx-files-for-100-million-ipo/
 GI Partners: http://www.datacenterknowledge.com../archives/2006/11/22/gi-partners-buys-telx-56-marietta/
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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