/

|

Hyperscale specialist Cologix has secured $1.5 billion, through a combination of debt and equity, to finance its further growth in the capital-intensive data center realm. Funds will support ongoing build-outs, as well as new developments in North America totaling 650 MW of capacity.

The build-outs are at the company’s campuses in various core markets, including Ashburn, Va., Columbus, Ohio, and Montréal. The new developments will be on recently acquired sites in Columbus, Des Moines, Iowa, and Vancouver, B.C.

The capital includes a $1 billion revolving multi-asset development debt facility and an additional $500 million in equity from both new and existing investors. The debt facility will provide Cologix with the flexibility to add new sites over time as needed. Both debt and equity raises were the result of strong investor interest, and were both oversubscribed, according to Cologix.