EdgeConneX $140 million credit facility priced at Libor plus 550 bps

By Sara Rosenberg

New York, July 27 – Pricing emerged on EdgeConneX’s in market $140 million credit facility as Libor plus 550 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

The credit facility is split between a revolver, a funded term loan and a delayed-draw term loan.

Specific tranche sizes are not available, but of the total credit facility amount, about half will be funded at closing, the source said.

Webster Bank, TD Securities (USA) LLC and CapitalSource are the leads on the deal.

Proceeds will be used to refinance existing debt and fund the growth of the business.

The sponsors are Providence Equity Partners and Brown Brothers Harriman Capital Partners.

EdgeConneX is a Herndon, Va.-based data center provider with 23 Edge Data Centers across the United States and additional facilities in Europe.

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