Latham & Watkins Advises Underwriters in US$250 Million Debt Offering by Flexential

New York capital markets and finance team advised the underwriters in the offering by the leading provider of data center colocation and hybrid IT solutions.

February 05, 2020

Flexential Corp. (Flexential), a leading provider of data center colocation and hybrid IT solutions, has announced that its parent, Flexential Intermediate Corporation, issued US$250 million of Senior Secured Notes due 2024. Flexential will utilize the net proceeds from the offering, after repaying the entire amount outstanding under its first lien revolving credit facility, to support continued expansion in its key markets as well as to fund additional investments in support of its hybrid IT solutions offering.

Latham & Watkins LLP represented the underwriters in the offering with a corporate deal team led by New York partners Stelios Saffos, Erika Weinberg, and Andrew Baker, with associates Jonathan Guest, Tomer Stein, and Egzon Sulejmani. Advice was also provided on finance matters by New York partner Nicole Fanjul, with associate Julia Wennberg.

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