Cervalis Closes $75M Senior Credit Facility

Cervalis LLC, a Shelton, CT-based provider of IT infrastructure solutions including cloud computing, colocation, managed hosting, business continuity and rapid recovery, has closed a $75m senior credit facility from a consortium of commercial lending institutions.

The company intends to use the new funds for the construction of a new, 170,000 sq. ft. state-of-the-art data center and business continuity facility in Connecticut and to refinance existing indebtedness.

Led by Michael Boccardi, CEO, Cervalis provides IT infrastructure solutions including business continuity / rapid recovery, managed hosting, cloud computing, and colocation. The company has SSAE16, Cybertrust and PCI compliant high-end facilities in New York, Connecticut, and New Jersey.
The new center will have 50,000 square feet of raised floor data center space, with 16 MW of utility power and 3,500 tons of cooling capacity.



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