Virtus Data Centres has closed a £2.45 billion ($3.25bn) financing package, one of the largest data centre bank financings completed in the UK to date. A consortium of 13 banks provides the capital, with BNP Paribas, Crédit Agricole CIB, Société Générale, and Standard Chartered Bank acting as coordinators, senior mandated lead arrangers, and bookrunners.

The company announced the completion last week. The package includes a £1.2 billion ($1.6bn) green capex facility, available through both term and revolving tranches.

Where will the money go?

The capital provides long-term funding for continued development and expansion across the UK and Europe. Named projects include:

• The 78MW Saunderton campus in Buckinghamshire
• Future investment in London19 in Slough

Virtus operates 14 data centers across four campuses in Greater London and a fifth in Buckinghamshire. Additional projects are in development in Germany and Italy.

What does the CEO say?

Adam Eaton, Virtus CEO, said: "This financing marks an important milestone for Virtus. It reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead. The capital flexibility it provides will enable us to continue investing in high-quality data centre infrastructure and support our ongoing growth across the European market."

Who advised on the deal?

Simmons & Simmons advised Virtus. Clifford Chance advised the financing consortium.

Who owns Virtus?

STT GDC (now STTGDC) made Virtus a wholly-owned subsidiary in 2017. Macquarie Asset Management acquired a 40 percent stake in the UK operator in 2023.