18. April 2005
IXEurope secures initial 5 Million Euro banking facility with Bank of Scotland
IXEurope, Europe's fastest growing specialist datacenter services group with eight locations in the UK, France, Germany and Switzerland, has chosen the Bank of Scotland Corporate as the Group's banking partner. Bank of Scotland will provide the Group with a structured debt package with an initial facility of 5 million Euro tailored to assist IXEurope in its growth and expansion projects.
Guy Willner , CEO, IXEurope commented
"Partnering with Bank of Scotland will enable us to enhance and extend our services and consolidate the Group's position as the leading provider of superior quality datacenter services in the UK and across Europe to the enterprise, eBusiness and networking markets. We are currently reviewing a number of acquisition opportunities which enable us to enhance our offering in datacenter Services, Business Continuity and BladeServer Hosting".
Simon Webber , Director of Corporate Banking, Bank of Scotland commented
"We are pleased to be partnering with IXEurope at this exciting stage in the Group's development. The management team has impressed us with its achievements in building the sound foundations of the company since its creation in 1999. We are keen to accompany them on the next step of their growth."
IXEurope has managed an industry leading 30% annual growth since 1999. Furthermore, the company has developed a reputation for superior quality services, winning ISO9001 accreditation, industry awards and bluechip customers across Europe. Going forward, the Group will invest in new datacenters and key services as customer demand remains strong.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; the results of any litigation relating to past stock option grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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