Tampa-based vXchnge secures $200M loan to expand operations

Tampa-based vXchnge, a data center provider, secured a $200 million loan. Pictured is CEO Keith Olsen. | [Courtesy of vXchnge]
Tampa-based vXchnge, a data center provider, secured a $200 million loan. Pictured is CEO Keith Olsen. | [Courtesy of vXchnge]
Published September 26 2017

TAMPA — Tampa-based vXchnge, which operates data centers in 14 metro areas, has secured a loan for roughly $200 million for "major expansions and enhancements."

"We continue to experience tremendous growth across our markets and this infusion of capital supports our ability to build capabilities and capacities to meet customer demand across our data center markets," Keith Olsen, CEO of vXchnge, said in a release.

Deutsche Bank provided the loan. Some of the funding will go toward a "significant expansion" in vXchnge's Austin, Tx., data center. The company would not disclose how much of the funding would be used in Tampa Bay, nor its number of employees.

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