Kao Data, a London, UK-based developer and operator of data centres engineered for AI and advanced computing, completed a new £206M debt raise, with an accompanying accordion facility extendable to £356M from Deutsche Bank.
The debt financing will help the company 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.
Led by Matthew Harris, CFO, Kao Data develops and operates data centres engineered for AI and advanced computing. Its data centre portfolio includes more than 160MW of IT load, either currently operational, under development or planned – all of which is under-pinned by the highest energy efficiency, sustainability and ESG credentials.
The new funding will help propel growth across Kao Data’s operational and planned assets and will support its expansion plans across the UK and Europe. In late 2023, the company also established a new capital structure with its shareholders Infratil Ltd, Legal & General Capital, and Goldacre Noé Group, which will provide incremental equity investment to accelerate Kao Data’s strategic growth plans.
FinSMEs
25/01/2024