TelecityGroup plc (“TelecityGroup”), Europe’s industry leading provider of premium network independent data centres, announces today that it has entered into a 5 year £200m senior debt facility, which expands and replaces existing funding arrangements.
The new facility has been advanced in equal tranches by Barclays, HSBC, Lloyds and RBS. All four banks were joint lead arrangers.
TelecityGroup plans to use the new funding to support the future growth of the business and its demand-driven investment programme.
Commenting on the announcement, Brian McArthur-Muscroft, Group Finance Director, TelecityGroup, said:
"This facility will give the Group additional flexibility to capitalise on expansion opportunities and enables us to continue to create significant value from investment in organic growth. The support of Barclays, HSBC, Lloyds and RBS is a strong signal of their long-term belief in the TelecityGroup business model and growth trajectory.”
For further information please contact:
Matthew Springett +44 (0)20 7005 6337
James Tyler +44 (0)20 7001 0076
Brunswick: Tom Buchanan / James Olley +44 (0)20 7404 5959
John McGuinness +44 (0)20 7116 6058
Andy Smith +44 (0)20 7991 1394
Wayne Robinson +44 (0)20 7158 1464.
Rob Nesbitt +44 (0) 207 672 1421