Wednesday, March 16, 2016

IO Raises $505 Million for Data Center Operations & Expansion

IO, which operates data centers in Arizona, Ohio, New Jersey, Singapore and London, raised $445 million in debt capital from Deutsche Bank and $60 million in additional growth capital from an affiliate of Macquarie Capital.


The proceeds from the Deutsche Bank loan allowed IO to refinance its existing U.S. indebtedness. In addition, IO has exercised its purchase options to acquire the land and buildings underlying its IO.New Jersey and IO.Ohio data centers. IO will use the proceeds from the Macquarie Capital transaction to further its international and domestic growth and for general corporate purposes.

IO also announced that it purchased approximately nine acres adjacent to its Phoenix data center campus and that it has plans to substantially expand capacity at that campus.

http://www.io.com

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