news

ViaWest Closes Financing Deal to Fund Growth and Infrastructure

ViaWest, a privately held data center, cloud computing and managed service provider, announced today that it closed an additional $65 million of debt financing to fund future growth initiatives.

The additional investment reflects the strong support of the companys growth prospects, operational infrastructure and delivery of the highest-level of data center services, ViaWest said.

ViaWest recently announced several product launches including its KINECTed Storage, Managed Security, KINECTed Back Up and KINECTed Cloud solutions. The company plans to use the additional capital to continue its market expansion and to further drive its product portfolio, particularly in cloud computing and managed services. 

As a result of ViaWests outstanding growth and industry reputation, we received numerous commitments from new and existing lenders,” said Michael Krza, CFO of ViaWest. With this additional funding, we will continue to execute on our strategic growth plans, invest in new and expanded data center facilities and further develop the latest technologies and managed services our clients require.”

Led by RBC Capital Markets, the $55 million upsize of the senior credit facility was oversubscribed and funded by several premier financial institutions. Barclays Private Credit Partners Fund L.P. and Solar Capital Ltd. provided the remaining $10 million in the form of additional second lien mezzanine commitments. 


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

How do you approach customer MPLS networks in the age of SD-WAN?

View Results

Loading ... Loading ...
The ID is: 84658