Virtus lands £2.45 billion debt package for AI data centre push
What's the deal? Virtus Data CentresDealroom has a profile for this one. Try Dealroom → has closed a £2.45 billion ($3.24 billion) debt financing package, one of the largest data centre bank financings completed in the UK to date. A consortium of 13 banks backed the deal, with BNP Paribas, Crédit Agricole CIB, Societe Generale, and Standard Chartered Bank acting as coordinators and lead arrangers.
What's inside: The package includes a £1.2 billion ($1.5 billion) green capex facility and gives the STTGDC GroupDealroom has a profile for this one. Try Dealroom → subsidiary flexibility to fund new builds while supporting existing operations. Simmons & SimmonsDealroom has a profile for this one. Try Dealroom → advised Virtus; Clifford ChanceDealroom has a profile for this one. Try Dealroom → advised the lenders.
How big is that? The round ranks in the top 1% by size among all debt deals for enterprise software in the UK, based on a sample of 167 comparable rounds. It signals strong lender confidence in the company's platform and growth.
What's the endgame? The capital will fund Virtus' 78MW, AI-ready Saunderton campus in Buckinghamshire, plus future investment at LONDON19 in Slough. Virtus operates as part of the STTGDC global platform and has more than 15 years designing high-density and liquid-cooled facilities.
Where's it going next? The financing also backs continued expansion across continental Europe, targeting demand in Germany, Italy, and Spain. That push builds on Macquarie Asset ManagementDealroom has a profile for this one. Try Dealroom →'s acquisition of a 40% stake in Virtus and a new Berlin campus anchored beside KI-Park DeutschlandDealroom has a profile for this one. Try Dealroom →.
What they're saying: "This financing marks an important milestone for Virtus," said chief executive officer Adam Eaton, adding that it "reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead."
The signal: AI and cloud demand is driving record capital into European digital infrastructure, and lenders are backing operators with proven portfolios at scale. Virtus' package shows how debt — not just equity — is fuelling the data centre buildout across the UK and beyond.
Read more: datacentremagazine.com
Image credit: Virtus
