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Interxion Secures Euro 135 Million Credit Facility

Started by thehotaisle · 9 months ago

Carrier neutral data center facilities still in expansion mode despite sub prime crisis.
 
*       Fortis and Rabobank are joined by ING in expanded credit facility
*       Company announces H1 2008 results : 38% revenue ... Continue reading »

2 comments

  • Alan Crean

    9 months ago

    Considering the credit crunch and that I had heard one of their computer rooms caught fire with temperatures of up to 800 degrees last Easter...............it must have been the due diligence from hell.

    Also makes you wonder just how many more players that market can take and how much it will grow - as it does not seem to be an asset backed facility, the bank and the share holders must be seeing YoY double digit growth as the norm going forward.
    reply
  • thehotaisle

    9 months ago

    Hi Alan,

    For Interxion, a 38% revenue growth and 33% EBITDA are not to be sneezed at - even if EBITDA is adjusted. There is still a significant shortage of computer room capacity in the European market. I am finding quite significant price increases in Frankfurt that the vendors are quite firm on. A sign that we are still in a buyers market.

    Data Center real estate values are mainly M&E residuals rater than convention price per square meter. Problem is many data center investors are looking at too long a depreciation cycle on their investment which distorts returns.

    Steve
    reply

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