DC BLOX, a provider of interconnected multi-tenant data centers, has secured $187 million in long-term financing from Post Road Group and Bain Capital Credit.
DC BLOX builds new, Tier III–designed, state-of-the-art data centers fully connected by a high-speed, low-latency private network throughout the Southeastern United States. The company will use the funds to refinance its existing credit facilities, add liquidity to its balance sheet, and fund investments in existing and new data center capacity.
“This capital will be immediately deployed to support growth in our existing facilities and accelerate the expansion of our Tier III–designed interconnected data center platforms in other markets throughout the Southeastern United States,” said Kevin O’Donnell, CFO of DC BLOX.
The company currently has Tier III–designed data centers located in Atlanta; Birmingham, Ala.; Huntsville, Ala.; and Chattanooga, Tenn.; and is opening another soon in Greenville,