i/o Data Centers, a Phoenix, AZ-based provider of data centers as a service (DCaaS™), closed a $200,000,000 in two financings.
– a senior long term credit facility of up to $130m led by Wells Fargo Bank, N.A., as Administrative Agent and Wells Fargo Securities, LLC, as Sole Lead Arranger and Sole Book Manager,
– a $70m secured facility led by Caterpillar Financial Services Corporation.
As stated by George D. Slessman, CEO of i/o, this new long term capital enables i/o to execute its Enterprise Class Data Center Roadmap. “We will add 35 megawatts of data center capacity for our customers within the next 12 months”, he said.
i/o designs, engineers and delivers data centers as a service (DCaaS™) for large enterprises, governments and service providers. The company recently announced the launch of i/o ANYWHERE™ – a modular data center service that allows i/o to deploy data center capacity anywhere a customer requires it.