Virtus Data Centers secured £2.45 billion in financing to accelerate data center construction and expansion across the UK and mainland Europe.

European operator Virtus Data Centres has secured £2.45 billion ($3.25bn) in financing to fund the continued development and expansion of data centers across the UK and Europe. A consortium of 13 banks provided the package, with BNP Paribas, Crédit Agricole CIB, Société Générale, and Standard Chartered Bank acting as coordinators and senior mandated lead arrangers.

The financing includes a £1.2 billion ($1.6bn) green capex facility available through both term and revolving tranches. Virtus said the package ranks among the largest data centre bank financings completed in the UK to date.

The capital will support expansion of Virtus's existing portfolio, including its 78MW Saunderton campus in Buckinghamshire and future investment in London19 in Slough. The company has additional projects in development in Germany and Italy.

Adam Eaton, Virtus CEO, said: "This financing marks an important milestone for Virtus. It reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead. The capital flexibility it provides will enable us to continue investing in high-quality data centre infrastructure and support our ongoing growth across the European market."

Virtus operates 14 data centers across four campuses in Greater London and a fifth in Buckinghamshire. The company became a wholly-owned subsidiary of STT GDC (now STTGDC) in 2017. Macquarie Asset Management acquired a 40 percent stake in 2023.

Virtus was advised by Simmons & Simmons, while Clifford Chance represented the financing consortium.