i/o Data Centers received US$200 million in financing in two deals that will help the company expand over the next 12 months. The Phoenix-based data centre received US$130 million in a senior long-term credit facility from Wells Fargo Bank and Wells Fargo Securities along with US$70 million from Caterpillar Financial Services Corp., the company announced late Monday.

The move will allow the company to add about 35 megawatts of data centre capacity, considerably more than its Phoenix ONE centre, which currently has as one of the 10 largest data centres in the world.

Source:Biz Journals

Here for full article