GTS Central Europe, a provider of integrated telecommunications and data centres, has announced the completion of a major financing agreement. The new senior debt facility provides the company with significant liquidity to fund new both acquisitions and network investment.

A consortium of leading banks from throughout Europe participated in the €330 million facility. The proceeds will be used to refinance existing bank indebtedness, and more than 50% t may be flexibly used for acquisitions, capital expenditures or repayment of shareholder loans. For its 20 years of operating history, GTS has grown organically and through the acquisition of companies and assets in the CEE region. The company will build upon its past and use the liquidity to accelerate growth and enhance its regional fibre and data centre network

Source: GTS