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What is the Credit Crunch doing to Interxion?

Started by thehotaisle · 9 months ago

Back on the 11th September I put together an article for The Hot Aisle about how Interexion had managed to convince the banking sector that expanding their credit facility was sensible.
I reported that - The credit facility was arranged by Fortis Bank (Nederland) B.V., Coöperatieve ... Continue reading »

4 comments

  • DavidMorgan

    9 months ago

    As far as I know InterXion do not have a facility in Portugal , does anybody know of a carrier neutral data centre in Portugal ?
    reply
  • Sune Christesen

    9 months ago

    David:
    It's correct that Interxion haven't got any there, here's a map of some others in Portugal:
    http://www.datacentermap.com/datacenters/countr...
    Carrierhouse Lisbon is the primary location in Portugal as far as I know.
    reply
  • Alan Crean

    8 months ago

    I would imagine that they are in a good position as the contracts were well tended to and the funding lines were secured by contract. As InterXion have made no negative noises hey seem fine - the banks are liquid currently according to the S&P view, so all should be fine.

    This is not actually all based on any insight on Interxion, but as a business in a versimilar position to them, the banks are delighted to have performing businesses on their books................especially as no one else is trying to borrow any money.

    I have a start up - its 2 years old this Christmas - it has only just moved to being profitable - it is cash hungry - and the bank love me today, and have lots of time to spend with me, all because everything else just stalled over the Summer.

    I used to tell people I had a Business Process Software Company, and did OK - now I tell them we make software for the 3 R's (Regulation, Risk, Recession) and we have wind in our sails.

    Its a reseccion - get into a little debt and its your problem - start a business and get into a load of debt and you become their problem - and problems get attention
    reply
  • thehotaisle

    8 months ago

    Hi Alan,

    Sometimes no news is good news, however in the current financial crisis most folks are keeping a low profile and either canceling investment plans or delaying them because they can't raise the funding. The wholesale market has completely collapsed. The point I was making in the article is that Fortis don't exist anymore so I guess that unless InterXion drew down the funds before Fortis disappeared, the revolving facility is short of a few quid...

    Steve
    reply

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