DC BLOX, Atlanta’s leading multi-tenant data center provider, has recently made it to the headlines for securing USD 187 million in long-term financing in an attempt to accentuate data center investments in the upcoming years. Reports have it that the financing round was led by Bain Capital Credit and Post Road Group.
Company officials revealed that the funding would be used for refinancing DC BLOX’s existing credit facilities, offer additional capital to fund continued investments, and add liquidity to the company’s balance sheet in new and current data center capacity. Moreover, the firm also mentioned that the financing raised demonstrates the resounding trust in DC BLOX’s vision and leadership team implementing its business plans and strategies to expand data center facilities.
Speaking on the latest accomplishment, CEO of DC BLOX, Jeff Uphues cited that the recently raised funding would not have been possible without the efforts of the team and depict a significant breakthrough for the company. The trust and partnership DC BLOX has developed over the years with the team at Post Road Group and now with Bain Capital Credit contribute to its continued growth plans.
Meanwhile, Kevin O’Donnell, CFO at DC BLOX, mentioned that the capital will be directly used to add to the growth in the firm’s current line of products and facilities while simultaneously accelerating the expansion of its Tier III-developed interconnected data center platforms in diverse market across the Southeastern U.S.
Managing Partner at Post Road Group, Michael Bogdan, stated that the agency is thrilled to stand as a key investor in DC BLOX. He added that the team has been rigorously working with their world-class management team for the past 4 years while also supporting their tactics to introduce superior data centers, storage infrastructure, and connectivity to emerging Edge markets.
On the other hand, Managing Director at Bain Capital Credit, Brian Hirschfeld quoted that the firm looks forward to establishing a strong partnership with DC BLOX in a bid to support its constant growth.