Edge infrastructure provider Pulsant has completed a major refinancing deal, securing £187 million in expanded debt facilities and bringing four new lenders on board, strengthening its financial position and supporting future growth.
The refreshed five-year facility, which includes the option to draw down an accordion if further debt capacity is required, will support Pulsant’s expansion across the UK, with a focus on acquisitions and the development of the firm’s portfolio of fourteen sovereign data centres.
It will also allow the firm to progress its high-speed, low-latency network and hybrid cloud capabilities via the Pulsant platformEDGE offering.
Pulsant said that the refinancing agreement will drive growth across underserved areas of the UK, as well as improve the operational performance and resilience of the entire 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, Pulsant’s CFO.
This latest deal is the latest in a series of milestones for Pulsant this year, with the business having completed the acquisition of two regional data centres from SCC, as well as launching Partner Cloud, an Infrastructure as a Service (IaaS) offering for partners looking to expand their cloud reach.
Over the last year, the firm has also signed a new strategic partnership with managed service provider Nine23, extended its collaboration with the London Internet Exchange, and teamed up with AI-powered search and rescue innovator Zelim to support its critical infrastructure needs.
Source: DIGIT