A testament to our growth by Max Pace, 11th October 2019
We are proud to have received a £450m syndicated infrastructure loan from a group of 11 banks, led by ING, that furtherly secures our strategic expansion plans and helps delivering our characteristic best-in-class services.
The £450m financing is to both fund our continued expansion, as well as refinance the existing £300m existing loan. The key existing lenders NIBC, AIB, Lloyds and HSBC have all continued their relationship with us, whilst Investec, HCOB, Crédit Agricole, Siemens Bank, Sabadell and KommunalKrediet have all joined the syndicate as new lenders.
Sicco Boomsma, director at ING, said, “With its diversified client base spanning government bodies, cloud service providers, financial institutions and other notable customers, Ark continues to consolidate its position as a leading data centre operator with an exciting growth story. As a bank with a strong data centre track record, ING is proud to partner with Ark as it aims to more than double its existing data centre capacity in the medium term. It was an honour to help the company expand its banking group with an appropriate infrastructure debt structure. The upsizing of Ark’s banking syndicate not only bears testament to Ark’s credit strength, but also to the growing appetite for good quality data centre assets as regional investors have begun to appreciate the mission-critical nature of data centre assets”.
“The £450m facility is borne of Ark’s outstanding track record of delivering sustained profitable growth, a stellar future sales pipeline, a best in class data centre offering and the world-class team who consistently deliver. The numerous banks that placed detailed ‘slide rules’ over Ark before then seeking to participate in what became a much-oversubscribed facility bear testament to the veracity of that statement. I am immensely proud of the Ark team for all that they have achieved. This is yet another successful milestone in the execution of our plans.” said Huw Owen, Ark’s CEO.