RagingWire arranges $230 million credit facility to fund expansion

By Toni Weeks

San Luis Obispo, Calif., Sept. 18 - RagingWire Data Centers arranged for a $230 million credit facility via a syndicate of eight financial institutions led by BofA Merrill Lynch and co-led by Comerica Bank, according to a press release.

Borrowings bear interest at Libor plus 200 basis points to 350 bps, with the exact margin based on leverage.

Proceeds will fund the company's strategic growth plan and ongoing expansion of its data center campuses in Ashburn, Va., and Sacramento.

The Sacramento company designs, builds and operates mission-critical data centers.

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