Press Release

OVH raises $327 million to accelerate its international growth

corporate

 

Both OVH's sustained growth since its creation in 1999 and its development strategy were the factors that convinced banks and institutional investors to support the group in its new expansion phase.

Institutions of the bank pool committed to provide an RCF of €196 million, due to mature in 6 years. Euro PP bond investors subscribed to the extent of €107 million for 6, 7 and 8 years.

This €267 million will take over from the €140 million syndicated credit facility, which enabled OVH continue with its investments in 2013 and 2014. The funding will support the group's massive
international expansion.

“The goal is to give ourselves the means to become a key player in the global cloud and take on the biggest US companies”, said Nicolas Boyer, CFO of OVH. As well as making it possible for us to diversify our funding sources and extend the average maturity of our debt, this transaction assures our development over the next three years. It will finance a €400 million+ investment programme, while allowing the company to keep in place the current structure of its capital. This way we can enhance our datacentre and network infrastructures to support our customers in the cloud and access new markets."

The arrangers of the EuroPP bond are Société Générale CIB and Crédit Agricole CIB, and were advised by CMS Francis Lefebvre.
The arrangers of the syndicated loan are BNP Paribas, Crédit Agricole (Crédit Agricole CIB and Caisse Régionale du Crédit Agricole Mutuel Nord de France (CNF)) and HSBC France and Société Générale (MCIB), and were advised by De Pardieu Brocas Maffei.
OVH was advised by KPMG, VI Advisory (Corporate Finance advisors) and Nabarro & Hinge (legal advisor)."