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Home > Cloud Computing > Flexential closes $250 million debt offering

Flexential closes $250 million debt offering


Erdem Yasar Erdem Yasar
February 14, 2020
1 min read
Flexential closes $250 million debt offering

Flexential announced that its parent, Flexential Intermediate Corporation, issued $250 million of Senior Secured Notes due 2024.

Over the last two years, Flexential experienced robust customer demand in its core markets and has added additional capacity in response. Flexential will utilize the net proceeds from the offering, to support continued expansion in its key markets as well as to fund additional investments in support of its hybrid IT solutions offering. The notes and the guarantees will not be registered under the Securities Act or the securities laws of any state or any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws and foreign securities laws.

Expanding offerings

Chris Downie, Chief Executive Officer at Flexential
Chris Downie, Chief Executive Officer at Flexential

Chris Downie, Chief Executive Officer at Flexential said,

“We are pleased that the financing provides Flexential with long-term capital to support our continued expansion. We continue to see robust demand for our connectivity-rich platform and look forward to expanding our offerings to meet market demand.”

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Tags: Flexential
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7, Erdem was the managing editor of T3 Magazine.

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