(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.
