Structured over seven years, the new facility will enable Exa to capitalise on market opportunities, expand its network footprint and pursue further M&A activity, strengthening its position as a leading player in global connectivity.
“This move gives us an unrivalled ability to continue investing in our network, at a time when our customers need growing amounts of capacity across more routes, to handle an evolving set of applications and demands,” said Jim Fagan, CEO, EXA Infrastructure.
“Our recent investments have already shown our strategic focus, and with this refinancing, Exa Infrastructure is firmly positioned to lead in network and digital infrastructure throughout Europe and across the Atlantic.”
Earlier this year, Exa announced binding agreements to acquire Aqua Comms, followed by several major network projects in 2025, including the largest fibre backbone deployment in Central Europe and the first new subsea cable in the North Sea in 25 years.
Lenders participating in the refinancing include MUFG Bank Ltd., DNB, Banco Santander, Landesbank Baden-Wuerttemberg, Lloyds Bank, NORD/LB, Goldman Sachs International Bank, NatWest, Kookmin Bank London Branch, Woori Bank London Branch, NIBC Bank, as well as funds managed by Allianz Global Investors and Edmond de Rothschild Asset Management.
“We’re proud to have the support of such high-calibre lenders and institutions who understand not only our business but also the wider digital infrastructure landscape,” said Kate Hennessy, CFO, Exa Infrastructure.
“Such strong demand for the facility underscores market confidence in our strategy and reaffirms our desire to pursue our next stage of growth with conviction.”
Rothschild & Co acted as debt advisor to Exa Infrastructure, with Latham & Watkins LLP serving as legal counsel. Simpson Thacher & Bartlett LLP advised the lenders.
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