Interxion, a leading European operator of carrier-neutral data centres, today announced the completion of a Euro 45 million subordinated credit facility. The facility complements an existing revolving credit facility of Euro 135 million and will be used to support Interxion’s demand-led build-out of its data centre footprint across the 11 countries in which it operates.
The subordinated credit facility was arranged with Fortis Bank (Nederland) N.V., Coöperatieve Rabobank Regio Schiphol U.A. and ING Corporate Investments Mezzanine Fonds B.V., with Fortis Bank (Nederland) B.V. acting as agent. The new credit facility announcement follows on from the recent announcement by Interxion of the company’s full-year results for 2008, which showed year-on-year revenue growth of 38% to Euro 138.2 million and Adjusted EBITDA margins of 34.9%.
“This new credit facility is a yet another vote of confidence in the past performance and future prospects of the company. Interxion will continue to maintain its focus on customer-led, profitable growth across Europe in 2009 and beyond,” said Josh Joshi, Interxion CFO.