Interxion Secures £107 Million Line of Credit

Provider of carrier-neutral data centres in Europe, Interxion, has managed to secure itself a credit line totalling Euro 135 million (£107 million) in the form of a revolving credit facility.

The company needed the cash injection in order to follow its plans for expansion.

The expansion will include a widening of its data centre facilities across Europe, where the company currently operates in eleven markets.

Most of the new cash was supplied by two Dutch banks as well as the international banking giant ING.

The cash was awarded after Interxion showed an increase in revenue of 38% for the last six months of 2007.

That percentage translates as Euro 64.6 million (£51 million) the previous year the growth for the same period had been 23%.