Kao Data, a specialist developer and operator of data centers engineered for AI and advanced computing, has completed a new £206 million ($263 million) debt raise, with an accompanying accordion facility extendable to £356 million ($454 million).
Deutsche Bank, one of the world's leading lenders to the data center sector, served as mandated lead arranger and sole underwriter for the debt facility.
The funding will support Kao Data's expansion into next-tier markets across the United Kingdom and continental Europe. Kao Data said it will specifically use the debt financing to fast-track its new contracted developments with customers across the cloud, AI and financial services as well as build out its KLON-06 data center in Slough, England.
The company said it also will use the financing package to consolidate its debt with a single large financial services organization, refinancing existing lenders who have played an integral role in the advancement of its secur
