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Blackstone Affiliate Provides Cosentry With $100MM in Refinancing

August 02, 2013, 07:46 AM
Filed Under: Real Estate

Cosentry Holdings has completed a refinancing of the company’s existing credit facilities that provides the company with up to $100 million of capital to enable its continued expansion and future growth initiatives.

Entities sub-advised by an affiliate of GSO Capital Partners LP  (the credit business of Blackstone) provided the credit facility to Cosentry. Proceeds from the recapitalization will be used to fund the expansion of Cosentry’s premier Midlands Data Center in Omaha, NE, which will be commissioned in October 2013, to fund other future expansion of facilities and capabilities and to repay its existing debt facilities.

“We are very pleased to establish this partnership with GSO Capital Partners as we enter a period of even more rapid expansion and growth than we have experienced historically,” said Mike Polcyn, CFO of Cosentry. “Our clients and partners have relied on our ability to expand and innovate, and this new credit facility assures we will continue to meet their needs.”

Cosentry currently has a network of six data centers located in the Midwest serving enterprise and mid-market clients. Continued demand for high quality data center services has driven the company to continuously expand and develop new facilities and technology solutions.

Cosentry is a leader in Midwest data center services, providing solutions that allow its customers to focus on their core business, knowing that their IT Infrastructure is operating at the highest level of reliability, performance and security.

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