Zenium secures funding for German data centre portfolio

Zenium has successfully closed ˆ100m Senior Secured Credit Facilities for Zenium Germany GmbH.

Thursday, 19th October 2017 Posted 7 years ago in by Phil Alsop

The transaction, made by ING Bank, together with Banco Santander, HSH-Nordbank and NIBC Bank, will enable Zenium to refinance Frankfurt One - its already operational data center in Frankfurt - and finance the construction and fit-out of its second data center in the DE region, Frankfurt Two. Combined, Zenium’s Frankfurt data center capacity will be c. 27 MW IT load.

“This is a significant milestone for Zenium and demonstrates our solid company standing and stature within the finance community,” said Franek Sodzawiczny, Founder and CEO of Zenium. “We are delighted to be continuing our commitment to Frankfurt, delivering world-class technical space that hyperscale and Fortune 500 companies demand.”

The ˆ100m facility was structured as a 6-year, senior secured hybrid project facility, providing Zenium with additional flexibility during the Frankfurt Two build, fit-out and ramp-up phases. The structured facility was oversubscribed. Other terms of the transaction are undisclosed.