Hogan Lovells advises international lending consortium on over EUR 1 billion data centre platform financing for maincubes

Press releases | 06 March 2023

06 March 2023 – Led by partner Carla Luh, a cross border team of global law firm Hogan Lovells has advised a consortium of banks on a facility agreement of EUR 1.035 billion for Frankfurt-based data centre operator maincubes. The EUR 1.035 billion is made up from EUR 685 million committed facilities with a further EUR 350 million uncommitted accordion.

Founded in 2012, maincubes operates data centers at the leading internet exchange points of Frankfurt and Amsterdam, and is currently in the process of planning and building new facilities, with an emphasis on scaling operations in Frankfurt further and establishing a presence in the rapidly growing market of Berlin. The datacenters will meet the growing demand for data center services in the region and will provide customers with the highest levels of security, reliability, and connectivity.

The new debt facility will further accelerate maincubes’ sustainable growth strategy to become a leading European data center operator.

Carla Luh, Head of the German finance practice comments: "We are delighted to have advised the lenders on this exciting transaction which sets a new standard in the financing of data centers in Germany."

The Hogan Lovells team has advised the lending consortium comprehensively on all aspects of this transaction. Carla Luh and her team have many years of experience and a strong track record in the financing of complex transactions in the infrastructure sector.

Hogan Lovells Team for the banks

Finance

Dr Carla Luh (Partner), Marco Weibrecht (Counsel), Kathy Chang, Dr Jan Fuerbass (Senior Associates) Tobias Ulbrich, Dr Constanze Ort (Associates) (all Finance Hamburg/ Frankfurt);

Andrew Fleming (Partner), Edward Fear, Danielle O'Hare (Senior Associates), Rebecca Banner (Associate) (all Finance London);

Dr Julian Fischer (Partner), Lennart Lautenschlager (Counsel) (both Derivatives / Structured Finance Frankfurt);

Due Diligence

Dr Alexander Stefan Rieger (Partner), Pascal Wagenführ, Johannes Groß (Senior Associates), Julian Schmidt (Associate) (all Infrastructure, Energy, Resources and Projects, Frankfurt);

Tax

Dr Mathias Schönhaus (Partner), Nico Neukam (Counsel) (both Tax, Dusseldorf);

Dutch law

Wouter Jongen (Partner), Carola Houpst (Senior Associate), Iléne Baltes (Associate) (all Finance, Amsterdam);

Luxembourg law

Pierre Reuter (Partner), Simon Recher (Senior Associate), Mathilde Soetens (Associate) (all Global Regulatory, Luxembourg);

Ariane Mehrshahi (Partner), Alexander Koch (Partner), Emmanuel Lamaud (Counsel), Valérie Laskowski (Senior Associates), Martina Benackova (Associate) (all Finance, Luxembourg).