Natixis completes first ever hybrid project bond/project financing transaction for an Italian data center, SUPERNAP Italia
Natixis has completed the refinancing of SUPERNAP Italia through a secured hybrid transaction – the first of its kind for an Italian data center – combining a project bond and project financing facilities.
Natixis acted as Sole Structuring Mandated Lead Arranger, Underwriter, Bookrunner and Agent for the financing, which comprises a €63 million project bond listed on ExtraMOT Pro as well as a capex facility, a liquidity facility and a VAT facility. Proceeds will be used to refinance existing debt and to finance capital expenditure to support SUPERNAP Italia’s continued expansion.
“SUPERNAP Italia is leading the digital revolution in Italy being a high-quality real asset in a steadily growing sector. This allowed Natixis to structure an innovative financial product which attracted several international institutional investors,” said Alberto Cei, Head of Infrastructure Italy at Natixis.
SUPERNAP Italia is a 40-MW data center facility located near Milan, developed using several patented technologies. It is largely considered among the most efficient and resilient colocation facilities worldwide. The data center has been actively serving customers since 2016, and demonstrates operational excellence via several industry certifications, including ANSI/TIA-942 Rated 4. SUPERNAP Italia guarantees 100% uptime and uses only certified renewable energy to power the facility.
“We are pleased to work with Natixis on this first-of-its-kind refinancing which will allow us to continue growing and providing outstanding data center services in Italy,” said Sherif Rizkalla, CEO of SUPERNAP Italia. “Italy is on track to becoming a key player in the European digital economy and we’re proud to support it.”
Natixis was advised by Ashurst and SUPERNAP Italia was advised by Giliberti Triscornia e Associati.