Saturday, November 25, 2017

Zenium secures €100m funding for German data centre

Company expands Frankfurt capacity to nearly 27MW of power.

Zenium has closed €100m in Senior Secured Credit Facilities for Zenium Germany GmbH.

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 centre in the DE region, Frankfurt Two.

Combined, Zenium’s Frankfurt data centre capacity will be circa 27 MW IT load.

The €100m 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.

Franek Sodzawiczny, Founder and CEO of Zenium, said: “This is a significant milestone for Zenium and demonstrates our solid company standing and stature within the finance community.

“We are delighted to be continuing our commitment to Frankfurt, delivering world-class technical space that hyperscale and Fortune 500 companies demand.”