Cologix, a leading North American provider of network-neutral interconnection and hyperscale edge data centers, announced on July 21, 2025, the closure of a $525 million USD asset-backed securitization (ABS) to support its digital infrastructure expansion, focusing on AI and cloud workloads.
Closed $525M ABS on July 21, 2025, backed by COL4 data center in Columbus, Ohio.
Fourth ABS since 2021, following $1.13B USD (2021), $1.07B CAD (2022), and $195M CAD (2023).
Funds to support Scalelogix℠ and Digital Edge portfolio for AI and cloud infrastructure.
Operates 45+ data centers across 12 North American markets, with 800MW planned capacity.
Maintains industry-leading Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE).
Deutsche Bank Securities Inc. led the transaction, with King & Spalding as legal counsel.
On July 21, 2025, Cologix closed a $525 million USD ABS, its fourth since 2021, backed by its COL4 data center in Columbus, Ohio, with a five-year fixed term. Scott Schneider, CFO, stated: “This transaction demonstrates the strength of our balance sheet, the continued support of our investor base and the market’s confidence in our long-term strategy.” The funds will drive investments in Cologix’s Scalelogix℠ and Digital Edge portfolio, addressing surging demand for inference AI and cloud workloads. This follows a $1.5 billion USD capital raise in October 2024, including $1B in debt and $500M in equity, and a $3B equity recapitalization in 2022.
Cologix’s portfolio includes over 45 hyperscale edge data centers across 12 markets, supporting cloud providers, carriers, and enterprises with high-density, low-latency solutions. The ABS proceeds will fund expansions in core markets like Ashburn, Columbus, and Montréal, and new builds in Columbus, Des Moines, and Vancouver, targeting over 800MW of capacity upon completion. Laura Ortman, CEO, noted: “This financing ensures we’re well-positioned to meet the needs of cloud providers, enterprise and AI customers seeking reliable, high-density interconnection at the edge.” A recent $7B investment plan for an 800MW campus in Central Ohio underscores Cologix’s AI-ready infrastructure focus.
Cologix prioritizes sustainability, achieving PUE and WUE rates that outperform industry benchmarks, reflecting responsible digital infrastructure development. The global data center market is projected to grow to $622B by 2030, driven by AI and cloud demand. Cologix’s interconnection ecosystem, with 700+ networks and 350+ cloud providers, positions it to capitalize on this growth, competing with firms like Equinix and Digital Realty. Posts on X, such as @Cologix4Colo, highlight investor confidence in Cologix’s AI-driven strategy.
The ABS strengthens Cologix’s ability to scale its AI-ready facilities, like the 256K SQFT COL4 and 180K SQFT Montréal Scalelogix centers, which offer direct cloud onramps to AWS, Microsoft Azure, and Google Cloud. With partnerships like Backblaze for high-performance storage, Cologix supports diverse AI and cloud workloads. The transaction, led by Deutsche Bank and advised by King & Spalding, reinforces Cologix’s financial stability and market leadership in digital infrastructure.
Cologix’s $525M ABS positions it to meet rising AI and cloud demands, delivering scalable, sustainable, and interconnected data center solutions across North America.
Cologix powers digital infrastructure with 45+ hyperscale edge data centers and interconnection hubs across 12 North American markets, providing high-density, ultra-low latency solutions for cloud providers, carriers and enterprises. With AI-ready, industry-leading facilities, Cologix offers scalable, flexible and sustainable data center options to help its customers accelerate their business at the digital edge. Cologix provides extensive physical and virtual connections, including Access Marketplace, where customers gain fast, reliable and self-service provisioning for on-demand connectivity.
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