Cologix, one of the leading companies in neutral network and interconnection data centers in North America, has announced the securing of $1.5 billion in financing to drive its next phase of strategic growth. The capital injection has been achieved through a combination of debt and equity, ensuring key resources to expand its platform of data centers ready for artificial intelligence (AI) in strategic markets.
The financing includes a $1 billion revolving credit line for multi-asset development and an additional $500 million in equity, from new and existing investors. This flexible structure will allow Cologix to acquire new land and streamline data center development according to market demands. The operation has generated strong interest from investors, reflecting confidence in Cologix’s business model and execution capabilities.
“This is a significant milestone for Cologix, demonstrating the continued confidence of our investors,” said Scott Schneider, Chief Financial Officer of Cologix. “The combination of debt and equity financing provides us with the flexibility and support needed to meet the growing demand for digital infrastructure, particularly in areas such as AI, hybrid cloud, and interconnection. This capital ensures that we can continue to scale and meet the needs of our customers in a dynamic market.”
The company plans to use these funds to expand AI-ready data centers in key markets in North America. Cologix is already working on constructing large campuses in strategic cities such as Ashburn, Columbus, and Montreal, and will also develop new centers on recently acquired land in Columbus, Des Moines, and Vancouver. Once completed, these facilities will have a sellable capacity of over 650 megawatts, designed to meet the demand for high-density, low-latency infrastructure.
This financing follows successful transactions to secure Cologix assets for $1.130 billion USD and $1.070 billion CAD since 2021, as well as a $3.000 billion USD recapitalization in 2022, positioning the company for sustained growth in an expanding sector.
About Cologix Inc.
Cologix provides hyper-scale data centers and neutral network and cloud services in 12 North American markets. The company has become an interconnection hub for cloud service providers, operators, and a diverse ecosystem of partners looking to deploy applications at the digital edge in Canada and the U.S. With a growing portfolio of next-generation facilities designed for hyper-scale growth and deep connectivity, Cologix offers customized data center solutions to accelerate its customers’ businesses at the digital frontier. Additionally, the Cologix Access Marketplace enables users to have reliable, real-time self-service connectivity.
Source: Cologix