Cervalis finances construction with $75 million senior credit facility

By Susanna Moon

Chicago, Aug. 13 - Cervalis LLC said it closed a $75 million senior credit facility with a consortium of commercial lending institutions.

Proceeds will be used for the construction of a new 170,000 sq. ft. state-of-the-art data center and business continuity facility in Connecticut and to refinance debt.

"The additional capital will enable us to meet strong customer demand for customized high availability, high power density data center and business continuity solutions," Michael Boccardi, chief executive officer of Cervalis, said in a press release.

Cervalis is a provider of IT infrastructure solutions based in Shelton, Conn.

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