Kao Data secures £206 million debt facility via Deutsche Bank

By Marisa Wong

Los Angeles, Jan. 24 – Kao Data completed a £206 million debt raise, with an accordion facility extendable to £356 million, through Deutsche Bank as mandated lead arranger and underwriter, according to a press release.

The company said the debt financing will be used to fast-track its new contracted developments with customers across the cloud, AI and financial services and the build-out of its KLON-06 data center in Slough.

The company added that the facility will allow it to consolidate its debt and refinance existing loans with a single, large financial services organization. As such, a proportion of the new funding will be used to repay Downing LLP, an early investor in Kao Data.

London-based Kao Data develops and operates data centers engineered for AI and advanced computing.

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