Clarus Capital completed an upsizing of its existing loan facility to a publicly traded data services provider. The facility, now totaling $80 million, will further support the acquisition of new data center assets essential to the company maintaining its position in the data processing space.
“While the Clarus team has been a financing partner for this client for over 10 years, this recent upsize marks our fifth increase of our existing loan facility for this client at Clarus since our inception,” Steve O’Leary, CEO of Clarus Capital, said. “Our ability to offer this scalable solution is not only a testament to our flexible capital base but also demonstrates our client’s long-term track record of success through multiple business cycles. We appreciate the trust enlisted in Clarus to serve as a long-term financing partner and look forward to working with this client on additional opportunities in the future.”
