German data center firm Mainova WebHouse has secured €475 million ($501m) in financing for data center projects in Frankfurt.
Announced this week, Mainova WebHouse closed its first debt-raising process at the beginning of November.
The company will use the facility to finance the construction of two data center campuses in the Frankfurt area. The first facility, with a capacity of 30MW, will partially start operations soon.
The financing is supported by a banking consortium consisting of ING Bank, Investec Bank Plc, KfW, KfW IPEX-Bank GmbH, Kommunalkredit Austria AG, Landesbank Baden-Württemberg (LBBW), Norddeutsche Landesbank (NORD/LB), and Skandinaviska Enskilda Banken AB (SEB).
KfW IPEX-Bank GmbH served as both agent and security agent, with Rothschild & Co. acting as financial advisor and Ashurst LLP acting as lenders’ legal advisers. Hogan Lovells provided legal support.
First established in January 2021 by German energy firm Mainova, BlackRock took a majority stake in WebHouse earlier this year.
The company is developing a 30MW data center campus in the Seckbach area of Frankfurt and a 20MW site south of Frankfurt in Langen. The company broke ground on a second 10MW building at the Seckbach campus earlier this year.
The company is also partnering with US real estate firm Tishman Speyer to develop a 32MW data center in the Ostend/Osthafen area of Frankfurt on a site previously occupied by industrial firm Samson.
