Ashurst has advised lenders NIBC, Rabobank and UniCredit on the inaugural financing for Portus Data Centers. Portus is a regional data centre platform with colocation sites in Germany and neighbouring countries and is owned by Arcus Infrastructure Partners.
The €80 million financing package comprises a €70 million capex facility and a €10 million revolving credit facility. Proceeds from the capex facility will be used primarily to support the ongoing development of the Munich 2 project, a new 5.5 MW colocation facility on Portus’ existing Munich campus. Operations are expected to commence in the first quarter of 2027.
The financing package also includes a €200 million uncommitted accordion option to support Portus’ further growth.
The Ashurst team was jointly led by Derk Opitz (Partner, Finance) and Tobias Bürk (Associate, Finance). The team also included Alisa Schaub (Associate, Finance) and Kerstin Hartmann (Transaction Counsel, Finance). Tax advice was provided by Tino Duttiné (Partner, Tax) and Miriam Staatz (Counsel, Tax). The Luxembourg team comprised Katia Fettes (Partner, Banking), Anna Kozakiewicz (Senior Associate, Global Loans) and Hannah Peters (Associate).
Authors: Derk Opitz, Partner, Finance and Tobias Bürk, Associate, Finance.
