Tuesday, April 17, 2012

Ascent Raises $107 Million in Debt Financing for Chicago Data Centers

Ascent Corporation has closed on $107 million in debt financing from a lending group headed by Bank of America Merrill Lynch with participant banks Royal Bank of Scotland and Cole Taylor Bank, to fund the expansion of their multi-tenant development model Dynamic Data Center Suites in suburban Chicago as well as new markets.

Ascent offer autonomous data center suites within a multi-tenant facility. Suite sizes range from 10,000-250,000+ square feet, and customers have the option to fit-out and maintain autonomous Powered Suites themselves or lease space on a Turnkey Infrastructure Suite basis.