Pulsant today announces the successful completion of refinancing and an extension of its debt facilities. The expansion of the debt facilities has added four new lenders and increased total debt facilities to £187m. There is also the ability to draw down an accordion in the future should further debt capacity be required.
The refreshed five-year facility will support Pulsant’s continued expansion across the UK. It will focus on future acquisitions and enable the further development of Pulsant’s existing portfolio of 14 sovereign data centres and a robust, high-speed, low latency network and hybrid cloud capabilities via the Pulsant platformEDGE offering.
Today’s announcement demonstrates the strength of Pulsant’s position as a leading UK digital infrastructure provider. It will drive growth as Pulsant focuses on underserved areas in the UK, as well as improving the operational performance and resilience of the Pulsant estate.
"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." said Brad Petzer, CFO, Pulsant. He added, “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.”