Cologix Holdings to launch $570 million credit facility on Thursday

By Sara Rosenberg

New York, Feb. 22 – Cologix Holdings Inc. is set to hold a bank meeting at 2 p.m. ET on Thursday to launch a $570 million senior secured credit facility, according to a market source.

Barclays, TD Securities (USA) LLC and Jefferies Finance LLC are the bookrunners on the deal.

The facility consists of a $75 million revolver, a $300 million first-lien term loan, a $60 million delayed-draw first-lien term loan and a $135 million second-lien term loan, the source said.

Proceeds will be used to help fund the acquisition of Cologix by Stonepeak Infrastructure Partners. The existing Cologix investors, including Grant van Rooyen, the van Rooyen Group, company management, Columbia Capital and Greenspring Associates, will continue to hold a material interest in the company.

Closing is subject to regulatory approvals.

Cologix is a Denver-based data center and interconnection solutions provider.

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