Wednesday, March 11, 2015

Compass Datacenters Raises $25M in Debt For Expansion Plans

Dallas-based Compass Datacenters, the datacenter operator, which is led by Chris Crosby, said Wednesday that it has scored $25M more in a credit facility, to help it fund continued expansion at the company. The funding was syndicated by Keybank, and came from CIT Group. Compass said it will use the funding to fulfill customer orders for data center facilities, plus also expand into other metro areas. The new funding brings its total credit facility to $135M.