Strategic Data gets initial $25 million revolver from Sunflower Bank

By Taylor Fox

New York, Sept. 4 – Strategic Data Center Fund Manager, LLC secured a revolving line of credit that converts to a permanent loan from Sunflower Bank, according to a news release.

The facility will initially provide the ability to borrow up to $25 million. Over time, and subject to some conditions, Strategic Data anticipates increasing the size of the facility up to $200 million.

Sunflower Bank expedited the close of the first $25 million of the line of credit to help facilitate the acquisition of a data center under the timeline of the seller.

“This credit facility provides us with the flexibility to capitalize on the growing number of data center opportunities in our pipeline,” chief executive officer of Strategic Data Bryan Marsh said in the release.

As Strategic Data continues to execute on acquisition opportunities and extend its reach, Sunflower Bank plans to lead a syndication to expand the credit facility and include other lenders with backgrounds in the commercial real estate sector.

Strategic Data is a Tampa, Fla.-based investment manager and capital partner focused on acquiring, developing and managing data center real estate assets that help support the digital economy, the cloud and mobile computing.

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