365 Data Centers Closes Debt Refinancing

NORWALK, Conn.--(BUSINESS WIRE)--365 Data Centers, a leading provider of network-centric colocation, connectivity, cloud, and business continuity solutions, today announced that it has refinanced a portion of its outstanding debt. The refinancing results in additional cash on the Company’s balance sheet and increased cash flow to support revenue growth initiatives, including infrastructure improvements to support higher density deployments.

"This refinancing provides us with the capital needed to fund our growth objectives and reinforces our ongoing commitment to provide cutting-edge Infrastructure-as-a-Service (IaaS) solutions to our customers,” said Bob DeSantis, CEO of 365 Data Centers. “We are pleased to add Phoenix Merchant Partners to our existing group of industry-recognized lenders and appreciate its partnership and ability to tailor a 365 customer focused financing."

"We have known Bob and 365 Data Centers for several years and are pleased to once again work with the Company to support its continued provision of innovative IaaS solutions,” said Colbey Arden, Partner at Phoenix Merchant Partners.

For more information about 365 Data Centers, visit: www.365datacenters.com.

About 365 Data Centers

365 Data Centers is a leading provider of hybrid Data Center solutions in 20 primarily edge markets. Along with network-centric Data Centers in Alpharetta (GA), Aurora (CO), Boca Raton (FL), Bridgewater (NJ), Buffalo (NY), Carlstadt (NJ), Chicago (IL), Commack (NY), Detroit (MI), Fort Lauderdale (FL), Herndon (VA), Nashville (TN), Marlborough (MA), Philadelphia-University City (PA), Philadelphia Downtown (PA), New York City (NY), Rancho Cordova (CA), Richardson (TX), Smyrna (GA), and Tampa (FL), the company also operates a resilient, low latency, nationwide fiber network and four cloud regions. 365 serves more than 1,400 customers.

365’s robust, carrier-neutral ecosystem and secure, reliable edge colocation, network connectivity, internet access, DRaaS, BaaS, cloud computing and storage, and business continuity services help organizations reduce costs, drive innovation, and improve their customer experience. 365 Data Centers supports mission-critical application infrastructure by providing industry leading Service Level Agreement protections and adhering to industry standards such as HIPAA, PCI DSS, SOC 1 Type 2, SOC 2 Type 2, SSAE 18, and ISAE 3402. 365 Data Centers’ corporate office is headquartered in Norwalk, Connecticut. For more information, please visit: https://365datacenters.com/

About Phoenix Merchant Partners

Phoenix Merchant Partners is an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies. The team of twenty-one includes thirteen experienced investment personnel and eight seasoned business professionals. The Firm leverages an integrated approach, leaning heavily on structuring skills to build long-term partnerships and bring the experience and track record of a leading team of investment professionals to lending solutions in underserved markets. For more information, please visit https://phoenix-merchant.com/.