Zenium secures funding for German data centre portfolio

Zenium has successfully closed ˆ100m Senior Secured Credit Facilities for Zenium Germany GmbH. 

The transaction, made by ING Bank, together with Banco Santander, HSH-Nordbank and NIBC Bank, will enable Zenium to refinance Frankfurt One - its already operational data center in Frankfurt - and finance the construction and fit-out of its second data center in the DE region, Frankfurt Two.  Combined, Zenium’s Frankfurt data center capacity will be c. 27 MW IT load.
 
“This is a significant milestone for Zenium and demonstrates our solid company standing and stature within the finance community,” said Franek Sodzawiczny, Founder and CEO of Zenium. “We are delighted to be continuing our commitment to Frankfurt, delivering world-class technical space that hyperscale and Fortune 500 companies demand.”
 
The ˆ100m facility was structured as a 6-year, senior secured hybrid project facility, providing Zenium with additional flexibility during the Frankfurt Two build, fit-out and ramp-up phases. The structured facility was oversubscribed. Other terms of the transaction are undisclosed.
The Optical Transport market is set to recover by 2025, driven by AI and cloud data center demands.
Civo introduces relaxAI API, offering UK organizations cost-effective and compliant generative AI...
Qodea Ltd. has acquired Beyond to enhance its presence in North America and support global clients...
LINX teams up with Megaport to enhance cloud connectivity for its members, offering seamless access...
Rackspace Technology unveils FAIR MCP Enterprise Accelerator on AWS, simplifying access to AI...
Discover how no-code platforms are revolutionizing finance teams by transforming spreadsheets into...
Assured Data Protection partners with AVANT to enhance market reach, offering Rubrik and Nutanix...
Nutanix reveals widespread GenAI adoption in financial services with challenges in skills and...