Colocation Firm Phoenix NAP Secures Funding for Data Center Expansion

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(WEB HOST INDUSTRY REVIEW) — Colocation and data center provider Phoenix NAP (www.phoenixnap.com) announced on Monday it has secured a credit facility from Bank of America to fund the construction of its data center’s next phase, as well as its future expansion.

In order to meet customer demands and executed contracts, Phoenix NAP will use the funding to add eight more megawatts of capacity, bringing the total generation capacity up to 12 megawatts.

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The company will also use the funds to complete the build-out of the data center’s first floor, along with continuing the expansion onto the second floor.
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