06 February 2024
Kao Data has completed a new, £206 million debt raise, with an accompanying accordion facility extendable to £356 million, via Deutsche Bank.
The announcement marks a significant step forward for Kao Data, providing debt financing to fast-track its new contracted developments with customers across the cloud, AI, and financial services, and the build-out of its KLON-06 data centre in Slough.
The debt facility, for which Deutsche Bank have been named mandated lead arranger and sole underwriter, will allow Kao Data to consolidate its debt with a single, large financial services organisation, refinancing those existing lenders who have played an integral role in the advancement of its secure, highly scalable, and sustainable data centre platform during the last decade.
Kao Data’s new financial capability reinforces an exceptional 12 months for the organisation, which has secured several key customers from within the AI, hyperscale cloud, research, and financial services sectors.