Objective: to offer a credible and sustainable European alternative in a market dominated by non-European players
ETIX intends to establish itself as a major player on a European scale. In a context where digital sovereignty has become a major strategic issue, this refinancing also provides the Howald-based group with the necessary resources to accelerate its development.
Refinancing of €170 million! The transaction, which was significantly oversubscribed, illustrates not only the attractiveness of the European data center market, but also the strength of ETIX’s positioning and its proven ability, primarily in France, to establish itself as a leading player on a European scale.
The transaction was led by a banking syndicate comprising MUFG, Kommunalkredit Austria AG, La Banque Postale, Bpifrance, and BNP Paribas.
This refinancing enables ETIX to strengthen its financial position while providing it with the necessary resources to execute its ambitious development plan. The company, which currently operates 14 data centers in France and Belgium (ETIX and NRB are partners in the Belgium DC joint venture) with a deployed capacity of 8.1 MW, plans to consolidate its presence and take a new step in its European development.
Creating a European alternative
Of the €170 million announced, €120 million is immediately available: €50 million will be used to refinance existing debt, and €70 million will go towards developing and financing new infrastructure. An additional €50 million is earmarked for potential acquisitions or expansion projects.
“In concrete terms, these resources will enable us to strengthen our existing capabilities, open new sites, and prepare for our entry into four new European markets, namely Spain, Italy, Switzerland, and Germany,” comments Louis Blanchot, CEO, ETIX
This operation also marks a change of scale, with the group moving from a project-by-project financing model to an industrial approach.
