OVH the hosting group that I have written about before who specializes in Internet and cloud infrastructures, has announced today a new fundraising of $327 million. This is the result of mixed funding consisting of a new syndicated loan with its historical bank pool and a private bond (Euro PP).
Institutions of the bank pool pledged a line of $196 million in revolving credit facility (RCF), maturing in 6 years. Euro PP bond investors have committed to $131 million over 6, 7 and 8 years. The $327 million in funds will allow the group to further its investments and allow for major worldwide development. The goal is to provide the means to become a key player in the global cloud, able to compete with the big American companies.
Sounds like they’re going to be a serious player. Thus you might want to keep an eye on them.
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This entry was posted on December 10, 2014 at 9:28 pm and is filed under Commentary with tags OVH. You can follow any responses to this entry through the RSS 2.0 feed.
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OVH Scores Millions In Funding…. Targets Expansion
OVH the hosting group that I have written about before who specializes in Internet and cloud infrastructures, has announced today a new fundraising of $327 million. This is the result of mixed funding consisting of a new syndicated loan with its historical bank pool and a private bond (Euro PP).
Institutions of the bank pool pledged a line of $196 million in revolving credit facility (RCF), maturing in 6 years. Euro PP bond investors have committed to $131 million over 6, 7 and 8 years. The $327 million in funds will allow the group to further its investments and allow for major worldwide development. The goal is to provide the means to become a key player in the global cloud, able to compete with the big American companies.
Sounds like they’re going to be a serious player. Thus you might want to keep an eye on them.
Share this:
Like this:
Related
This entry was posted on December 10, 2014 at 9:28 pm and is filed under Commentary with tags OVH. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.