Antares Leads Refinancing and Provides Additional Growth Capital for 365 Data Centers
CHICAGO--(BUSINESS WIRE)--Mar 21, 2019--Antares announced today that it served as joint lead arranger and sole bookrunner and is acting as administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for 365 Data Centers (“the Company”). Chirisa Investments, Lumerity Capital and Longboat Advisors are equity investors in the Company.
Acquired by the current owner-operators in 2017 and with corporate offices in Norwalk, CT, 365 Data Centers is a leading provider of hybrid data center services for carrier, content and enterprise customers.
“Antares is a leading lender in the data center sector, so they have a deep understanding of our business and keen appreciation for our growth potential,” said Bob DeSantis, CEO of 365 Data Centers. “The Antares team was flexible and professional in delivering financing that strengthens our ability to continue executing on our plans for strategic acquisitions as well as organic growth initiatives.”
“365 Data Centers has a demonstrated ability to acquire and integrate complementary platform assets and has become a scalable provider of hybrid data center services, all while improving financial results and remaining focused on the customer,” said Sean Sullivan, managing director for Antares. “We look forward to working closely with the 365 Data Centers team as they continue to prudently invest and drive value for their investors and customers alike.”
About 365 Data Centers:
365 Data Centers is a leading provider of hybrid data center solutions in ten edge markets. With data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City and Tampa that serve as regional hubs for carriers, the Company operates a total of 169,000 square feet of data center space, 13 MW of power, and a redundant, low latency, nationwide fiber network, including direct connectivity to the NAP of the Americas. Our robust, carrier neutral ecosystem and secure, reliable edge colocation, network, IP, DRaaS, backup, cloud compute and storage, and business continuity services help organizations reduce costs, drive innovation and improve their customer experience. 365 Data Centers supports mission-critical application infrastructure by providing industry leading SLA protections and adhering to industry compliance standards such as HIPAA, PCI DSS, VISA, SSAE 16, SOC 2 and ISAE 3402. 365 Data Centers’ corporate office is located in Norwalk, Connecticut. Visit https://www.365datacenters.com/ for more information.
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).
View source version on businesswire.com:https://www.businesswire.com/news/home/20190321005485/en/
CONTACT: Antares Capital
Carol Ann Wharton
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE OTHER PROFESSIONAL SERVICES
SOURCE: Antares Capital
Copyright Business Wire 2019.
PUB: 03/21/2019 11:09 AM/DISC: 03/21/2019 11:09 AM