Advising a banking pool of 7 banking institutions (Société Générale CIB, BNP PARIBAS, Crédit Agricole CIB, HSBC, JP MORGAN, CIC Nord Ouest, Banque Commerciale du Marché Nord Europe) in connection with the financing of a €400 million RCF line of credit for OVH,  the European leader of the cloud, and with its debt refinancing. This operation will strengthen OVH financing structure to support its global expansion strategy over the next 5 years.

As a result of OVH’s sustained growth since its creation in 1999 the group received support from its banking pool in the form of a €400 million RCF line of credit.

Today, OVH has 270,000 servers deployed within 20 datacentres across five countries in North America, Europe, and Asia Pacific. The group delivers its cloud services (private, public and hybrid) to more than one million customers worldwide and it generated revenues of close to €400 million in 2016/2017.

This new investment will permit OVH to follow its global expansion strategy, which began in autumn 2016 with a €250 million investment from KKR and TowerBrook. The European cloud leader had announced an ambitious development and investment plan, worth €1.5 billion.

The group has already begun the execution of this global expansion plan, notably with the opening of datacentres in new geographical zones: a total of three datacentres are now located in Australia, Singapore and Poland, with a fourth and a fifth under construction in Germany and the United Kingdom. In the United States, where OVH launched a new company in 2017, two additional datacentres will also be available soon.

Société Générale Corporate & Investment Banking has accompanied OVH since 2014 and acted as Coordinator and Documentation Agent. The Mandated Lead Arrangers and Bookrunners of the syndicated loan were BNP Paribas, Groupe Crédit Agricole, HSBC France and Société Générale Corporate & Investment Banking. The participants were JPMorgan Chase Bank N.A. (Paris Branch), CIC Nord Ouest and Banque Commerciale du Marché Nord Europe.