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Cologix Secures $525M ABS to Expand AI-Ready Edge Data Centers
📅 - Cologix, a top provider of hyperscale edge data centers and network-neutral connectivity in North America, has concluded a $525 million USD asset-backed securitization (ABS) to fund its ongoing expansion into digital infrastructure. Cologix's COL4 data center in Columbus, Ohio, backs the secured notes, which have a set period of five years.
This deal is Cologix's fourth ABS issuance since 2021 and demonstrates the company's ongoing reliance on the asset-backed securities market to finance expansion. In order to meet the growing demand for inference AI and cloud workloads, the proceeds will be used to fund strategic investments throughout Cologix's ScalelogixTM and Digital Edge [...][... Check source for end of article ...]
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📅 - Cologix, a top provider of hyperscale edge data centers and network-neutral connectivity in North America, has concluded a $525 million USD asset-backed securitization (ABS) to fund its ongoing expansion into digital infrastructure. Cologix's COL4 data center in Columbus, Ohio, backs the secured notes, which have a set period of five years.
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