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Home » Hosting News

Data Centers Raises $200 Million in Two Integrated Financings

Submitted by on 23 February, 2020 – 4:32 pm

i / o Data Centers (“I / O”), the leading provider of data centers as a service (DCaaS ™), announced today the closing $ 200 million in two financings, including a major long-term mechanism credit up to $ 130,000,000 led by Wells Fargo Bank, NA, as administrative agent and Wells Fargo Securities, LLC, as sole lead manager arrangements and unique book, and a guaranteed $ 70,000,000 center led by Caterpillar Financial Services Corporation.

In making the announcement, George D. Slessman, CEO of E / S, said “The demand for data centers as a service remains strong. This new long-term capital allows i / or implementation of their data centers, enterprise-class road map. We to add 35 megawatts of capacity in the data center for our customers within the next 12 months. ”

In addition, Jonathan F. Mauck, CFO of E / S, said: “The next phase of our growth plan is fully funded.”

Steven Reinhart, senior vice president of Wells Fargo, said: “The strength of E / S of the customer base, balance sheet and cash flow are a testament to the strength of its business model and management. Looking forward to a long term i / o. ”

William Luetzow, CEO of Caterpillar Financial Services Global Power Finance-Americas, added: “We have enjoyed a long-term financing with I / O since its inception. The high quality of i / o power systems and based of multinational business customers are an excellent fit of the global financial Caterpillar and distribution capabilities. ”

i / o has grown rapidly over the past three years and recently announced the launch of i / o everywhere ™ – a service of modular data center that enables i / o implement the ability to data centers anywhere in a client needs.

Slessman added, “This new funding, key additions to the ranks of our management and our position as a world class customer base E / S for further growth and success as a leading provider of industry placement company and data center solutions. “

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