Sunflower Bank Increases Credit Facility to Strategic Data Center to $40 Million
November 22, 2020
Denver, CO (November 22, 2020) – Sunflower Bank, N.A. is pleased to announce that its Capital Markets & Loan Syndications team, acting as lead arranger, has increased its credit facility to Strategic Data Center Fund Manager, LLC (“Strategic Data Center”) by $15 million to $40 million. This addition to the initial facility that closed in September 2020, now includes First Foundation Bank in the loan syndicate. Strategic Data Center will use the line of credit to acquire data center real estate assets within the U.S.
“It is very exciting to see Sunflower Bank’s partnership with Strategic Data Center off to such a rapid and successful start,” said Duff Mahan, managing director of Loan Syndications & Capital Markets at Sunflower Bank. “The ability to close the original facility and then quickly add First Foundation Bank to the syndicate, shows the strength of our team and Sunflower Bank’s commitment to arranging these types of transactions.”
Sunflower Bank’s Loan Syndications & Capital Markets team structures and syndicates senior debt facilities, for cash flow and asset-based transactions, across a variety of industries. It has extensive experience as a lead arranger, for public and private companies.
"We are very excited that Strategic Data Center now has access to an expanded credit facility,” said Bryan Marsh, Chief Executive Officer of Strategic Data Center. “Our partnership with Sunflower Bank, and now First Foundation Bank, enhances our ability to support the infrastructure that is critical to our digital economy.”
Over time, and subject to certain conditions, the syndicated facility may aggregate commitments of up to as much as $200,000,000.
About Sunflower Bank, N.A., as Sole Lead Arranger and Administrative Agent
Headquartered in Denver, Sunflower Bank, N.A., is a regional bank founded over 128 years ago. Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, it is a relationship-focused full-service financial institution meeting the business, personal and wealth management needs of its clients. Sunflower Bank, N.A. has bank locations in six states, mortgage capabilities in more than 40 states, and a national reach for its commercial and specialty lending verticals. Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. To learn more visit SunflowerBank.com
About First Foundation Inc., as Lender
With over $7 billion in bank assets, First Foundation, a financial institution since 1990, provides integrated investment management, wealth planning, consulting, trust, banking, and insurance services. The company is headquartered in Orange County, California with offices in California, Nevada, and Hawaii. More information about the bank is available at firstfoundationinc.com.
About Strategic Data Center
Strategic Data Center is an investment manager and capital partner focused on acquiring, developing and managing data center real estate assets that help support our digital economy, the cloud and mobile computing. To help achieve its investment objectives, Strategic Data Center establishes mutually beneficial partnerships with data center owners, operators and users throughout the U.S. to identify and acquire high-quality data center properties. The company’s goal is to align interests, provide transparency and offer fair pricing to ensure longstanding working relationships for years to come.
Loan Syndications Contact: Duff Mahan
214.473.7956 | [email protected]
Media Contact: Jeanne Lipson
VP, Marketing Manager
915.881.6785 | [email protected]