IO locks up $260 million multi-year credit facility led by Wells Fargo

By Susanna Moon

Chicago, May 14 - IO said it closed a $260 million multi-year credit facility led by Wells Fargo.

Wells Fargo Securities, BMO Capital Markets, J.P. Morgan Securities, BofA Merrill Lynch and RBC Capital Markets were the joint lead arrangers.

IO's bank group, consisting of Wells Fargo and Mutual Bank of Omaha, was expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank, according to a company press release.

"This new credit facility will help IO to continue to design, engineer and deliver the world's leading software-defined data center technology," George D. Slessman, IO chief executive officer, said in the press release.

IO is a Phoenix-based software-defined data center company.

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