Monday, August 16, 2010

Latisys Gets $110M In New Debt Funding

Englewood-based Latisys, a provider of colocation, managed hosting, managed services, and disaster recovery said Monday that it has scored new funding via a senior credit facility. The firm said it has refinanced an existing, $65M senior credit facility with a new, $110M facility. The firm said the new credit facility will go towards market expansion and growth for the firm in key U.S. markets. The credit line came from RBC Capital Markets, TD Securities, Madison Capital Funding, Bank of America, CapitalSource, Caterpillar Financial Services Corp., GE Capital and SunTrust Robinson Humphrey.