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Broadband

Claranet secures long-term loans for European expansion

Tuesday 31 March 2015 | 11:24 CET | News
UK hosting services provider Claranet said it has secured long-term facilities worth GBP 107 million after reaching a refinancing agreement. Goldman Sachs' Private Capital Team has joined Claranet finance providers RBS, ABRY Partners and Ares Management. Ares and Goldman Sachs have provided a unit tranche facility of GBP 82 million and RBS a committed facility of up to GBP 25 million. The company will use the money to strengthen its position and give it greater flexibility as it continues to grow across Europe. For its financial year to end June 2014, Claranet reported revenues across Europe

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Categories: Internet
Companies: Claranet
Countries: Europe / United Kingdom
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