OVERLAND PARK, Kan., July 1, 2014 /PRNewswire/ -- QTS Realty Trust (QTS), one of the nation's largest and fastest-growing providers of data center facilities and cloud services, and a leader in security and compliance, announced today modifications to its Richmond credit facility. The modification includes extending the term to June 30, 2019 and reducing the current interest rate by approximately 1.9% to LIBOR plus 2.1%. The amended credit facility has initial revolving credit commitments of $80 million and includes a $120 million uncommitted accordion feature to increase the revolving credit commitments to $200 million.
The Richmond credit facility, which originated in December 2012, currently has an outstanding balance of $70 million. The credit facility is secured by the QTS Richmond data center.
The financial institutions that currently participate in the credit facility include Regions Bank and Bank of America, N.A.
QTS Realty Trust, Inc. (QTS) is a leading national provider of data center solutions and fully managed services. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving infrastructure demands of web and IT applications. With 10 data centers in seven states, QTS owns, operates and manages approximately 3.8 million square feet of secure, state-of-the-art data center infrastructure and supports more than 875 customers. For more information about QTS, please visit www.qtsdatacenters.com or call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.
Marlena Reed, communications 21 for QTS
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