Capital/Financing Update • Nov 8, 2022
Capital/Financing Update
Open in ViewerOpens in native device viewer
OVHcloud, the leading European cloud provider, announces the signing of a credit line facility of up to €200 million, with the European Investment Bank (EIB), to support the Group's expansion.
This credit line facility will increaseOVHcloud's capacity to produce new servers, to build additional new datacenters on existing or new sites and to invest in research and development of software and hardware to enrich its current services offering.
The credit line facility is available for an 18-month period, during which OVHcloud can do multiple drawings, subject to the usual condition precedent. The loan agreement provides attractive financial conditions and a maturity of up to 9 years.
OVHcloud is a global player and the leading European cloud provider operating over 450,000 servers within 33 data centers across 4 continents to reach 1,6 million customers in over 140 countries. Spearheading a trusted cloud and pioneering a sustainable cloud with the best price-performance ratio, the Group has been leveraging for over 20 years an integrated model that guarantees total control of its value chain: from the design of its servers to the construction and management of its data centers, including the orchestration of its fiber-optic network. This unique approach enables OVHcloud to independently cover all the uses of its customers so they can seize the benefits of an environmentally conscious model with a frugal use of resources and a carbon footprint reaching the best ratios in the industry. OVHcloud now offers customers the latest-generation solutions combining performance, predictable pricing, and complete data sovereignty to support their unfettered growth.
The EIB is the long-term financing institution of the European Union (EU) and its shareholders are the 27 EU Member States. Its mission is to contribute to the integration, balanced development and economic and social cohesion of the EU Member States. It borrows large volumes of funds on the capital markets and lends them on very favorable terms to support projects that contribute to the achievement of EU objectives. As the climate bank of the European Union, the European Investment Bank is the world's largest donor in terms of the amount of its climate investments.
Head of Financial Communication [email protected] + 33 (0)6 99 72 73 17
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.