Data center specialist Global Switch has succesfully closed a £425 million ($530m) revolving credit facility, reviewing previous terms after the introduction of a ”new strategic investor” - a consortium of Chinese corporate and institutional investors that bought 49 percent of the company’s shares in December last year.

Hello, China

HSBC will act as an agent as well as a lender in the syndicate. Other investors include Barclays, Credit-Suisse, Deutsche Bank and the newly-joined Bank of China, who will also be a mandated lead arranger. The RCF will take the company to 2021, when it will have the option of two punctual one-year renewals.

The strategic addition of the Bank of China is reported positively by Global Switch, which recently signed two pre-commitments to sell its data center services in Hong Kong and Singapore. The company hopes that the Chinese addition will facilitate further lending support from other major Chinese banks.

David Doyle, Global Switch CFO stated that the company is “delighted” by the banks’ continuing support, and is committed to maintaining the superior credit ratings that earned it the new and improved RCF.