UK regional Edge operator Pulsant has secured new debt financing.
The company this week announced the successful completion of refinancing and an extension of its debt facilities.
The expansion of the debt facilities has added four new lenders and increased total debt facilities to £187m ($249.2m). The company also has the ability to draw down an accordion in the future should further debt capacity be required.
Pulsant said the refreshed five-year facility will support its continued expansion across the UK, with a focus on future acquisitions and further development of its current portfolio of 14 data centers.
“We are very pleased to be working with some fantastic lenders who are supporting our strategic goal of creating the UK’s leading-edge platform,” said Brad Petzer, CFO, Pulsant. “This deal is the latest in a series of milestones for Pulsant, as earlier this year, we completed the acquisition of two regional data centers from SCC. The deal was designed to help more businesses in the Midlands and South West to benefit from Pulsant’s unique network of data centers and platformEDGE and to help them reach new markets.”
Founded in 1995, Pulsant operates facilities across Edinburgh, Newcastle, Rotherham, Milton Keynes, Maidenhead, Reading, Manchester, Croydon, Birmingham, and Fareham.
The company was established in 1995 as EdNET and later renamed to Lumison. Pulsant was then formed by Bridgepoint Development Capital in 2011 through the mergers of Lumison, Dedipower, and Bluesquare Data. Oak Hill acquired the company in 2014 for a reported £200 million, and again by Antin Infrastructure Partners in 2021.
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