Cologix Secures $1.5B in Capital to Fund New Data Center Development

Insider Brief

  • Cologix, a network-neutral data center company, secured $1.5 billion USD in debt and equity financing, with $1 billion in a revolving debt facility and $500 million in equity, to support strategic growth and expansion of its data center infrastructure.
  • The funding will accelerate Cologix’s development of AI-ready, high-density data centers across North America, with expansions in core markets like Ashburn, Columbus, and Montréal and new builds in Columbus, Des Moines, and Vancouver.
  • This financing builds on previous capital initiatives, underscoring strong investor confidence in Cologix’s ability to scale its infrastructure to meet rising demand for digital, hybrid cloud, and AI-driven services.

PRESS RELEASE — Cologix, a leading network-neutral interconnection and hyperscale edge data center company in North America, today announced it has secured $1.5 billion USD in capital through a combination of debt and equity financing to fuel its next phase of strategic growth.

The capital raises include a $1.0 billion USD revolving multi-asset development debt facility and an additional $500 million USD in equity from both new and existing investors. The debt facility is structured to provide Cologix with the flexibility to add new sites over time, offering quick access to capital to fund development projects as needed. Both the debt and equity raises received strong investor demand and were oversubscribed, underscoring their confidence in Cologix’s proven business model, growth potential and ability to execute on its strategic initiatives.

“This is a significant milestone for Cologix and demonstrates the continued trust of our investors, both new and existing,” said Scott Schneider, CFO of Cologix. “The combination of debt and equity financing provides us with the flexibility and capital to keep pace with the growing demand for digital infrastructure, particularly as AI, hybrid cloud and interconnection requirements expand. This financing ensures we can continue to scale and deliver on our customers’ needs in a dynamic market.”

This infusion of capital will accelerate Cologix’s expansion of AI-ready data centers across key North American markets, enabling the company to meet its growing customer demand for high-density, low-latency infrastructure in a rapidly evolving digital landscape. Cologix plans to use the capital to support the ongoing build out of large-scale campuses in its core markets, including Ashburn, Columbus and Montréal, as well as begin new builds on recently acquired land in Columbus, Des Moines and Vancouver, which upon full build out can support over 650 critical megawatts of sellable capacity.

The $1.5 billion USD in financing announced today follows the company’s successful $1.13 billion USD and $1.07 billion CAD asset-backed securitizations since 2021 as well as a $3.0 billion USD equity recapitalization in 2022, positioning Cologix for sustained growth.

For more information about Cologix and its growing platform of highly connected, AI-ready data centers, visit https://cologix.com/ai/

SOURCE

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