Friday, June 17, 2016

CoreSite Raises $150M In Private Placement

Denver-based data enter operator CoreSite Realty Corporation has raised $150M in a debt offering on Thursday, via a private placement to accredited investors, the company said late Thursday. According to CoreSite, the 4.19 percent Senior Notes are due June 15th, 2023. The company said the proceeds of the financing will go to refinance existing debt and for general corporate purposes. CoreSite builds and operates data centers for enterprises, network operators, cloud services providers, and others. CoreSite is publicly traded on the NYSE as COR.