IO raises $260M in financing

Business
By Dave Larsen
May 17, 2013
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A Phoenix-based data center technology and services company with an office in Springboro has announced the closing of a new $260 million multi-year credit facility led by Wells Fargo.

IO Data Centers LLC has expanded its existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, to also include Bank of America, Bank of Montreal, JP Morgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.

The new financing will help IO continue to design, engineer and deliver software-defined data center technology, company officials said.

IO Ohio in March opened a new facility at 3366 S. Tech Blvd. in Springboro. The company provides outsourced data center services for area businesses and organizations to support critical applications such as online commerce and archives, officials said.

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About the Author

Dave Larsen