OVH raises €267 million to accelerate its international growth

Roubaix, 9 December 2014

OVH raises €267 million to accelerate its international growth

The French group OVH, cloud computing and web infrastructure specialist, has announced that it has raised €267 million of mixed funding from both a new syndicated loan with the group's historical bank pool and a bond in the form of a private placement (Euro PP).

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).

About the OVH group

The OVH group was founded in 1999. It innovates at the very heart of the web, datacentres and networks, and is today a key player in the global cloud. Through its, So you Start, RunAbove, Kimsufi and hubiC brands, the OVH group offers simple and powerful tools and solutions which put technology at the service of business and significantly improve the working practices of its 700,000 customers around the world. As always, the company remains firmly committed to respect for the individual and freedoms, and equal opportunity of access to new technologies. For OVH, "Innovation is Freedom".

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