VIRTUS Data Centres has secured a £2.45 billion financing package from a partner consortium to support its data centre growth plans.
The capital provides a long-term funding framework to support Virtus’s next phase of expansion. This includes the development of the company’s 78 MW, AI-ready Saunderton campus in Buckinghamshire, future investment in LONDON19 in Slough and ongoing expansion across Europe.
It comes from a consortium of 13 banks, led by BNP Paribas, Crédit Agricole CIB, Societe Generale and Standard Chartered Bank, acting as Coordinators, Senior Mandated Lead Arrangers and Bookrunners.
The financing package, one of the largest data centre bank financings completed in the UK to date, includes a £1.2 billion green capex facility, available through both term and revolving tranches, providing flexibility to fund expansion and support its growth ambitions.
Adam Eaton, Chief Executive Officer at VIRTUS, said: “This financing marks an important milestone for VIRTUS. It reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead. The capital flexibility it provides will enable us to continue investing in high-quality data centre infrastructure and support our ongoing growth across the European market.”
VIRTUS was advised by Simmons & Simmons. The financing consortium was advised by Clifford Chance.