IO Raises $260 Million in Financing, Expands Bank Group

IO, the global leader in software-defined data centers, today announced the closing of a new $260,000,000 multi-year credit facility led by Wells Fargo. IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.

“We are pleased to have led the charge in this financing for IO, and we look forward to IO’s continued success and growth,” said Frank Pizzo, managing director and head of the Loan Syndications and High Yield Debt Capital Markets group at Wells Fargo Securities.

“This new credit facility will help IO to continue to design, engineer and deliver the world’s leading software-defined data center technology,” said George D. Slessman, IO CEO and Product Architect. “Our IO Intelligent Control® platform solves the data center needs of our customers in an efficient, scalable and cost-effective manner. We are pleased to continue our relationship with Wells Fargo and Mutual of Omaha, and welcome the new members of the bank group to IO.”

Wells Fargo Securities, BMO Capital Markets, J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets served as joint lead arrangers. 

About IO
Founded in 2007, IO provides the data center as a service @scale™. IO internet data centers are engineered to deliver the optimal data center capacity, security, network and cloud inter-connectivity for mission critical applications of any scale.  IO operates large data center campuses, featuring over 2 million square feet, hundreds of networks and 300 MWs in North America and Singapore. For more than a decade, IO has earned the trust of the most demanding technology users by delivering the data center at scale to digital-first enterprises, cloud companies, hyperscale service providers, governments and businesses worldwide. To learn more about IO @scale™, visit io.com.

IO, the IO logo and all other IO trademarks are owned by IO Data Centers, LLC and its affiliates. ©2017.

Media Contacts:
Caitlin Boyd
IO
732.590.9852
cboyd@io.com

Disclaimer: All information provided is subject to change without notice. IO is not responsible for errors or damages of any kind resulting from the use of the information contained herein. Although IO has made reasonable efforts to ensure the accuracy of the information presented, IO makes no warranty or guarantee, either expressed or implied, as to the accuracy, completeness and/or reliability of the information contained herein.



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