Interxion Expands Credit Facility

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European data center specialist Interxion has raised additional funds to build out its network of data center facilities. The company said today that it has arranged a 45 million Euros ($62.9 million) subordinated credit facility, which complements an existing revolving credit facility of 135 million Euros ($188 million). Interxion added 65,000 square feet of new data center space in 2008.

“This new credit facility is a yet another vote of confidence in the past performance and future prospects of the company,” said Josh Joshi, Interxion’s CFO. “Interxion will continue to maintain its focus on customer-led, profitable growth across Europe in 2009 and beyond.”

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.. Interxion recently announced its full-year results for 2008, which showed year-on-year revenue growth of 38 percent to 138.2 million Euros ($192 million).

About the Author

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

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