Hamburg Commercial Bank participates in the refinancing of Ark Data Centre near London
Hamburg Commercial Bank (HCOB) is one of eleven banks to participate in the 450 million pound refinancing for Ark Data Centre in the UK and belongs to the group of four lenders financing the largest portions of the transaction.
Ark, founded in 2005, owns and operates three data centres near London. Around half of the capacities are supplied to the British government under long-term framework agreements. New data center buildings are already under construction. To finance these investments and increase capacity on the existing campus, Ark needed more capital.
“This transaction fits in perfectly with our strategy to drive the expansion of the digital infrastructure,” said Inka Klinger, Global Head of Infrastructure at Hamburg Commercial Bank. “Data centers are the backbone of the communications system of a globalized world with exponential data traffic growth.” One success criterion for this complex transaction was the very rapid implementation. “This is exactly where we have shown our strengths, because we have a long track record in this asset and can deliver quickly,” said Inka Klinger. HCOB is one of the first financiers of the digital infrastructure. Inka Klinger: “Our expertise in structuring and placement is in demand in the market and we are a sought-after contact in Europe.”
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.
Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.