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Local Tech Wire
CHARLOTTE, N.C. – Privately held , a provider of managed services across the southeast, has negotiated a $95 million credit facility and is looking to grow.
The Charlotte-based firm said Tuesday that the new funds would be used to expand its current data center operations and also for expansion into new markets.
Peak 10 operates 16 data centers in 10 markets, having recently added a new one through acquisition in south Florida.
A syndicate of financial lenders including Royal Bank of Canada and GE Capital is providing the funds,
Peak 10 operates in Charlotte, the Research Triangle, Louisville, Nashville, Richmond, Tampa, Atlanta, Cincinnati, Jacksonville and Fort Lauderdale.
“Our consistently improving financial results and strong cash flow coupled with the expanded credit facility further position us to execute our business plan centered on accretive organic growth and new market expansion,” said Brian Noonan, Peak 10’s chief financial officer, in a statement.