Tuesday, May 14, 2013

QTS Secures $135 million for Data Center Construction

QTS (Quality Technology Services), which operates 11 data centers across the U.S., announced a $135 million increase in its credit facility.  This brings the company's credit facility to $575 million.

QTS said the new credit enables it to continue expanding its data centers in Atlanta, Richmond, Santa Clara and Sacramento, as well as begin development of a recently acquired facility in Dallas.

QTS engaged KeyBank National Association to serve as administrative agent and KeyBanc Capital Markets to serve as sole lead arranger for the amendment and extension. Eight additional financial institutions have joined KeyBanc Capital Markets as credit facility participants, including Bank of America Corp. (NYSE: BAC), Deutsche Bank Trust Company Americas, (NYSE: DB), JPMorgan Chase & Co., Morgan Stanley Bank (NYSE: MS), Regions Bank (NYSE: RF) and Stifel Bank & Trust (NYSE: SF).

QTS owns, operates and manages over 3.8 million square feet of secure, state-of-the-art data center infrastructure and supports more than 850 customers.


QTS Acquires Herakles Data Center in Sacramento

QTS (Quality Technology Services) has acquired the 92,000 square foot "Herakles" data center in Sacramento, California .  The Tier III facility  offers 52,600 square feet of raised floor space and 9.0 megawatts (MW) of power capacity,  Financial terms were not disclosed. The deal expands QTS' data center fotprint in California to three wholly owned and operated premium facilities. Herakles is a great company,...