California colocation provider RagingWire has secured new credit facilities for a total of US$140m with Bank of America and one other bank the company did not name.

RagingWire VP and CFO Mark Morrow said the arrangement was “very favorable” in terms of both cost and flexibility. “Bank of America has seen the growth we have experienced,” he said.

”They have confidence in RagingWire's ability to execute our strategic objectives and grow the business as we expand into Virginia and continue our success in growing the largest data center in California.”

The company said the credit was enough to fund its growth on the US east and west coasts. The company has two data centers in Sacramento, California, and is building another one in Virginia.

Its Sacramento footprint totals about 500,000 sq ft and the Virginia data center is going to be about 150,000 sq ft.

The company said its most-recently built second Sacramento data center was leased out before the company had a chance to complete it.

The announcement by RagingWire is yet another sign of healthy access by data center companies to the US capital markets.

This is the fourth announcement of a major capital raise by a data center provider this month. Earlier this week, Telx announced a $75m loan, and earlier in February, QTS said it had raised $270m and Vantage announced a $135m credit facility.