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(WEB HOST INDUSTRY REVIEW) -- With an existing revolving credit facility of €135 million (almost $190 million), European carrier-neutral data center operator Interxion (www.interxion.com) has been given a € 45 million ($63 million) subordinated credit facility, bringing its financing to support for the build-out of its data center footprint across the 11 countries in which it operates to €150 million (about $250 million).
According to Interxion's Wednesday announcement, the subordinated credit facility was arranged with European financial services group Fortis Bank (www.fortisbank.com), Cooperatieve Rabobank Regio Schiphol and ING Corporate Investments Mezzanine Fonds (www.ingfunds.com), with Fortis Bank acting as agent.
"This new credit facility is a yet another vote of confidence in the past performance and future prospects of the company," Interxion chief financial officer Josh Joshi said in a statement. "Interxion will continue to maintain its focus on customer-led, profitable growth across Europe in 2009 and beyond."
Headquartered in Schiphol-Rijk, The Netherlands, Interxion operates 24 carrier-neutral data centers located in 13 cities across 11 European countries.
The new credit facility announcement recently follows Interxion's full-year results for 2008, which showed year-on-year revenue growth of 38 percent to €138.2 million.
According to Interxion, the credit increase will help its worldwide data centers meet growing demand. Last month, Interxion added 3,280 square feet of carrier-neutral space at its Copenhagen, Denmark data center due to demand.
Interxion has also been a leader in bringing cloud-based options to Europe. The WHIR recently posted an email interview with Interxion data center operator group managing director Anthony Foy in which he describes the company's take on cloud computing.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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