QTS Credit Facility Increased, Extended and Restructured to Unsecured Basis
$575 million credit facility demonstrates confidence in data center leader
May 14, 2013
Overland Park, KS. (May 14, 2013) – QTS (Quality Technology Services), one of the nation's leading providers of data centers and managed services, today announced its credit facility has been increased to $575 million, up from $440 million. Along with its increase, the credit facility was converted from a secured facility to an unsecured facility and the term extended through May 1, 2017.
QTS engaged KeyBank National Association to serve as administrative agent and KeyBanc Capital Markets to serve as sole lead arranger for the amendment and extension. Eight additional financial institutions have joined KeyBanc Capital Markets as credit facility participants, including Bank of America Corp. (NYSE: BAC), Deutsche Bank Trust Company Americas, (NYSE: DB), Goldman Sachs Bank USA, an affiliate of Goldman Sachs Group Inc. (NYSE: GS), JPMorgan Chase & Co., Morgan Stanley Bank (NYSE: MS), Regions Bank (NYSE: RF) and Stifel Bank & Trust (NYSE: SF).
"QTS appreciates the confidence and trust of our lending partners. This announcement is a strong endorsement of our company's success and growth and reinforces our partnerships with these financial institutions," said Chad Williams, chief executive officer – QTS. "The credit facility allows us to further execute our development strategy. The financial flexibility enables us to focus on the continued expansion of our facilities in Atlanta, Richmond, Santa Clara and Sacramento and commence development of our recently acquired facility in Dallas."
QTS specializes in acquiring, developing and managing scalable mega data centers in strategic markets. The company's nationwide distribution maximizes the use of space, power and QTS expertise to support customer growth and overall market demand.
QTS (Quality Technology Services) is a leading national provider of data center solutions and fully managed services for enterprise businesses. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving infrastructure demands of web and IT applications. With 11 locations in seven states, QTS owns, operates and manages over 3.8 million square feet of secure, state-of-the-art data center infrastructure and supports more than 850 customers. For more information about QTS, please visit www.qualitytech.com or call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.
communications 21 for QTS