ViaWest closes $65 million debt financing to fund growth plans

Telecom Lead America: ViaWest, a data center, cloud
computing and managed services providers in North America, has closed an
additional $65 million debt financing to fund future growth initiatives. 

 

The debt financing was led by RBC Capital Markets. The
$55 million upsize of the senior credit facility was oversubscribed and funded
by several premier financial institutions.

 

Barclays Private Credit Partners Fund and Solar Capital
provided the remaining $10 million in the form of additional second lien
mezzanine commitments. 

 

As a result of ViaWest’s outstanding growth and industry
reputation, we received numerous commitments from new and existing lenders.
With this additional funding, we will continue to execute on our strategic
growth plans, invest in new and expanded data center facilities and further
develop the latest technologies and managed services our clients require,” said
Michael Krza, chief financial officer of ViaWest. 

 

The company said that this additional investment reflects
the strong support its growth prospects, operational infrastructure and
delivery of the highest-level of data center services.

 

Since its acquisition by Oak Hill Capital
Partners in 2010, ViaWest has continued its rapid growth. In 2011, the
company opened new premium data centers in the Portland, Oregon and Dallas,
Texas markets, bringing its total number of datacenters to 22.

 

Recently, the company announced several strategic product
launches including its KINECTed Storage, Managed Security, KINECTed Back Up and
KINECTed Cloud solutions.

 

The company anticipates that it will utilize the additional
capital to continue its market expansion and to further drive its product
portfolio, particularly in cloud computing and managed services. 

 

[email protected]

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