Canadian eStruxture data centres to receive fresh funding
eStruxture Data Centers, a Canadian provider of network and cloud-neutral data center solutions, has secured an expanded $170 million credit facility with a group of Canadian banks led by Scotiabank and National Bank of Canada.
The combined financing transactions will allow eStruxture to accelerate its growth strategy of expanding existing data centers and acquiring new facilities and businesses across Canada.
Todd Coleman, President and CEO of eStruxture, commented: “We consider this additional debt financing very important to our long-term growth strategy of becoming Canada’s leading provider of data center and connectivity services.
“We welcome the strengthening of our relationship with these premier Canadian financial institutions. We have worked with many of these banks since the very early days of launching eStruxture and are pleased and honored to have those same banks continue to support and expand their financial commitment around our long-term strategy.”
Canada’s data center market is continuing to grow at a strong pace as cloud providers and hyperscalers look to take advantage of extremely favourable financial, environmental and regulatory conditions.
Headquartered in Montreal, eStruxture’s strategy is to expand its data center footprint throughout a variety of metropolitan areas across Canada in response to increasing demand for reliable, scalable infrastructure, high-density deployments and affordable, clean energy.
It is also completing facility expansions such as its 180,000-square-foot MTL-2 data center, which will have 30MW of power and a strong focus on high-efficiency cooling and the high security standards. In addition, the company has undertaken the expansion of its flagship Vancouver data center (VAN-1) and is in the process of building out a second facility (VAN-2) in the Greater Vancouver Area.