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Peak 10 announces expanded $95 million credit facility

Peak 10, an information technology services company with a data center in Fort Lauderdale, has expanded its line of credit to $95 million between several lenders. This will help the company grow its data center offerings, such as cloud computing.

According to the news release, RBC Capital Markets led the credit expansion. GE Capital Corporation was the syndication agent and Royal Bank of Canada was the documentation agent. Royal Bank of Canada will act as administrative agent for the lenders.

In late December, Peak 10 acquired Fort Lauderdale-based 1Vault Networks, a business continuity and data services provider.

The Charlotte, N.C.-based company owns and operates data centers in 10 cities, including Tampa and Jacksonville.


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