Cologix, a top provider of hyperscale edge data centers and network-neutral connectivity in North America, has concluded a $525 million USD asset-backed securitization (ABS) to fund its ongoing expansion into digital infrastructure. Cologix‘s COL4 data center in Columbus, Ohio, backs the secured notes, which have a set period of five years.
This deal is Cologix’s fourth ABS issuance since 2021 and demonstrates the company’s ongoing reliance on the asset-backed securities market to finance expansion. In order to meet the growing demand for inference AI and cloud workloads, the proceeds will be used to fund strategic investments throughout Cologix’s ScalelogixTM and Digital Edge portfolio.
“This transaction shows the market’s confidence in our long-term strategy, the strength of our balance sheet, and the ongoing support of our investor base,” said Scott Schneider, Cologix’s Chief Financial Officer. “To address the growing needs of hyperscale and inference AI applications, this funding will assist us in scaling crucial infrastructure as we begin our next phase of expansion.”
In order to assist clients in implementing cloud and AI-ready digital infrastructure at the network edge, Cologix keeps growing its hyperscale edge presence throughout North America. Following three previous deals in 2021, 2022, and 2023, this most recent ABS financing helps the business expand vital infrastructure quickly and confidently.
According to Laura Ortman, CEO of Cologix, “one of the main factors contributing to customer success is our ability to deliver scalable, sustainable, and deeply connected data center solutions.” We are in a strong position to satisfy the demands of cloud providers, corporate, and AI clients looking for reliable, high-density edge connectivity thanks to this funding.
PUE and WUE Rates
Cologix has maintained average Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE) rates that much beyond industry norms, demonstrating its continued commitment to operational sustainability in its expansion plan. These efficiency metrics demonstrate the business’s dedication to developing digital infrastructure responsibly while growing to accommodate future demands.
King & Spalding provided legal guidance, while Deutsche Bank Securities Inc. was the transaction’s main bank.
Across 12 North American markets, Cologix fuels digital infrastructure with more than 45 hyperscale edge data centers and interconnection hubs, offering cloud providers, carriers, and corporations high-density, ultra-low latency solutions. Cologix provides scalable, adaptable, and sustainable data center choices to assist its clients grow their businesses at the cutting edge of technology. These facilities are AI-ready and industry-leading. Access Marketplace, one of Cologix’s multiple physical and virtual connections available, offers self-service provisioning for connectivity whenever they need it.
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