FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Antares Closes Refi Deal with 365 Data Centers

March 22, 2019, 08:00 AM
Filed Under: Technology
Related: Antares


Antares announced 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. 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.”





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.