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Telx Closes $75 Million Incremental Term Loan Agreement(February 21, 2012)
NEW YORK, NY -- (Marketwire) -- 02/21/12 -- The Telx Group, Inc., a leading interconnection and data center services provider in strategic North American markets, today announced that it closed a $75 million incremental term loan agreement. The Company will leverage the transaction to supplement its liquidity position, as well as for general corporate purposes.
"This transaction continues to position Telx for future growth in 2012 and beyond, including the ability to quickly respond to the needs of our customers with new expansion opportunities," said Chris Downie, President and Chief Financial Officer of Telx. "We are pleased to receive continued support from the financing community in recognition of Telx's outstanding service to its clients and strong business model."
Morgan Stanley Senior Funding, Inc. and TD Securities (USA) LLC served as lead arrangers for the transaction. Telx is owned by ABRY Partners, LLC and Berkshire Partners LLC, two Boston-based investment firms.
Telx is a leading provider of interconnection and data center services in strategic, high demand North American markets. With 17 premier C3 Cloud Connection Centers, Telx increases speed to market and reduces connectivity costs by providing direct connections to a community of the industry's highest performance networks and access to 1,000+ customers, including leading telecommunications carriers, ISPs, cloud providers, content providers and enterprises. Telx is a privately held company headquartered in New York City with five facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, four facilities in California, (Los Angeles, San Francisco, and two in Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit http://www.telx.com. Become a fan of Telx on Facebook at http://www.facebook.com/telxgroup. Interconnection. Data Centers. Community.
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