OVH Secures €400M Line
June 30, 2017
a result of OVH's sustained growth since its creation in 1999 and
development strategy, the group received support from its banking pool
in the form of a €400 million RCF line of credit.
Today, OVH has 270,000 servers deployed within 20 datacenters across
five countries in North America, Europe, and Asia Pacific. The group
delivers its cloud services (private, public and hybrid) to more than
one million customers worldwide and generated revenues of close to €400
million in 2016/2017.
This new investment will permit OVH to follow its global expansion
strategy, which began in autumn 2016 with the entry of KKR and
Towerbrook to its capital with a €250 million ($370 million CAD)
investment. The European cloud leader had announced an ambitious
development and investment plan, worth €1.5 billion ($2,2 billion CAD).
The group has already begun the execution of this global expansion plan,
notably with the opening of data centers in new geographical zones: a
total of three data centers are now located in Australia, Singapore and
Poland, with a fourth and a fifth under construction in Germany and the
United Kingdom. In the United States, where OVH launched a new company
in 2017, two additional data centers will also be available soon.
Boyer, Chief Financial Officer of the OVH group, indicated: "This new
financing provides us with an increasingly robust banking pool, renewing
its confidence in the group's international strategy and positioning. In
addition, the entry of US investment bank JP Morgan into this pool
reflects our position as a global player in cloud computing. We will
continue to implement our strategic plan through international
deployment, consolidation of our position in the digital market,
acceleration of our growth among enterprise customers and by
reinforcement and structuring of our organization to take full advantage
of market opportunities."
Société Générale Corporate & Investment Banking has accompanied OVH
since 2014 and acted as Coordinator and Documentation Agent.
The Mandated Lead Arrangers and Bookrunners of the syndicated loan were
BNP Paribas, Groupe Crédit Agricole, HSBC France and Société Générale
Corporate & Investment Banking. The participants were JPMorgan Chase
Bank N.A. (Paris Branch), CIC Nord Ouest and Banque Commerciale du
Marché Nord Europe.