As a result, the expansion brings in four new lenders and increases total debt facilities to £187 million, with the option to access more funding in the future if needed.
The new five-year facility will support Pulsant’s UK growth, focusing on acquisitions and further development of its 14 data centres, high-speed network and hybrid cloud services.
Pulsant CFO Brad Petzer, said: “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.
“This deal is the latest in a series of milestones for Pulsant, as earlier this year we completed the acquisition of two regional data centres 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 centres and platformEDGE and to help them reach new markets.”
The announcement follows the company announcing plans to strengthen its presence in the UK while ensuring low-latency, sovereign cloud solutions for businesses.
‘Our investors are keen to continue strengthening our platform. We have solid UK coverage, but there are areas where we’d like to expand. With shareholder support, we hope to add new data centre locations in the future,’ Pulsant CTO, Mike Hoy, told Capacity in February.
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Pulsant completes acquisition of SCC data centres
