French hosting company OVH has raised €400 million ($456m) in a funding round from nine banking institutions.

The line of credit was led by BNP Paribas, Groupe Crédit Agricole and HSBC France, with Société Générale Corporate and Investment Banking acting as Coordinator after working with OVH since 2014. The participants were JPMorgan Chase Bank, CIC Nord Ouest and Banque Commerciale du Marché Nord Europe.

The funds will be used to support its expansion strategy over the next five years.

All around the world

“This new financing provides us with an increasingly robust banking pool, renewing confidence in the group’s international strategy and positioning,” Nicolas Boyer, CFO of the OVH group, said.

“We will continue to implement our strategic plan through international deployment, consolidation of our position in the digital market, acceleration of our growth among enterprise customers and by reinforcement and structuring of our organization to take full advantage of market opportunities.”

OVH’s expansion efforts began in earnest in 2016, when KKR and Towerbrook helped the company raise €250m ($285m). Soon after, the company promised a €1.5 billion ($1.71 bn) investment plan to grow its presence.

This year alone, the company has opened its first data center in the UK, purchased a facility near Portland, and acquired VMware’s vCloud Air along with its data centers, customers and staff.

The company currently operates 270,000 servers within 20 data centers, and is building data centers in German and France, as well as a campus in France. OVH said that two further data centers in the US wil be available ‘soon.’