European operator Virtus Data Centres has secured billions of pounds in new funding.

The company last week announced the successful completion of a £2.45 billion ($3.25bn) financing package.

The financing is provided by a consortium of 13 banks, with BNP Paribas, Crédit Agricole CIB, Société Générale, and Standard Chartered Bank acting as coordinators, senior mandated lead arrangers, and bookrunners.

The capital provides long-term funding to support the continued development and expansion of data centers across the UK and Europe, including the company’s 78MW Saunderton campus in Buckinghamshire and future investment in London19 in Slough.

Virtus said the financing package was one of the largest data centre bank financings completed in the UK to date, and includes a £1.2 billion ($1.6bn) green capex facility, available through both term and revolving tranches.

Adam Eaton, Virtus CEO, said: “This financing marks an important milestone for Virtus. It reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead. The capital flexibility it provides will enable us to continue investing in high-quality data centre infrastructure and support our ongoing growth across the European market.”

Virtus was advised by Simmons & Simmons. The financing consortium was advised by Clifford Chance.

UK-based Virtus operates 14 data centers across four campuses in Greater London and a fifth in Buckinghamshire. It has more projects in development in Germany and Italy.

The company was made a wholly-owned subsidiary of STT GDC (now STTGDC) in 2017. Macquarie Asset Management acquired a 40 percent stake in the UK operator in 2023.