Cologix, a prominent North American provider specializing in network-neutral interconnection and hyperscale edge data centers, has successfully secured $1.5 billion USD in debt and equity financing to advance its next phase of strategic growth. This financing will support Cologix’s expansion of AI-ready data centers throughout North America.

The financial package consists of $500 million USD in equity from both new and existing partners, along with a $1.0 billion USD revolving multi-asset development financing facility. This gives Cologix significant capital to bolster expansion efforts and initiate new developments across key markets in North America.

The significant interest observed from investors, shown by the oversubscription for both the debt and equity rounds, highlights the market’s confidence in Cologix’s established business model, its potential for growth, and its capability to achieve strategic objectives in the evolving digital infrastructure sector.

Scott Schneider, CFO of Cologix, referred to the investment as a pivotal achievement for the company, emphasizing the trust that both long-term and new investors place in Cologix’s operational path. “This funding grants us the flexibility and resources necessary to meet the increasing demand for digital infrastructure, especially as AI, hybrid cloud, and connectivity needs grow,” stated Mr. Schneider. “The blending of debt and equity financing positions us well to expand and adapt to the changing market demands of our clients.”

AI Data Centers in Columbus, Des Moines, Vancouver

The new capital will play a crucial role in fast-tracking Cologix’s deployment of AI-ready data centers, strategically situated across North America to cater to high-density, low-latency infrastructure requirements. In particular, Cologix aims to use the funds for new construction on recently acquired land in Columbus, Des Moines, and Vancouver, in addition to ongoing developments at its major campuses in vital markets such as Ashburn, Columbus, and Montréal. Once fully operational, these facilities are projected to support over 650 critical megawatts of sellable capacity, addressing the growing demand for digital infrastructure across various sectors.

This latest financing round builds upon Cologix’s prior asset-backed securitizations of $1.13 billion USD and $1.07 billion CAD since 2021, along with a $3.0 billion USD equity recapitalization in 2022. With these solid financial foundations in place, Cologix is exceptionally positioned to pursue its long-term expansion objectives and maintain its competitive edge in a rapidly evolving digital landscape.