CoreSite Lands $100M Term Loan

Denver-based data center developer CoreSite said yesterday that it has scored a $100M, term loan financing for the company. The company said the five year, unsecured term loan has the option to increase by $100M or $200M, if needed. The company is using the proceeds to retire $58M in mortgage loan and to pay down its outstanding revolving credit balance. CoreSite Realty is a developer of data centers across North America.