Cologix launches $575 million term loan B at Libor plus 375 bps

By Sara Rosenberg

New York, March 25 – Cologix Holdings Inc. held a lender call on Thursday to launch a $575 million seven-year term loan B (B2/B-) that is talked at Libor plus 375 basis points with a 0.75% Libor floor and an original issue discount of 99.5, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank, RBC Capital Markets, Barclays, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA are the leads on the deal.

Commitments are due at 5 p.m. ET on Wednesday, the source added.

Proceeds will be used to help fund an acquisition, repay existing debt and support capital expenditures.

Cologix is a Denver-based data center and interconnection solutions provider.

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