Norway's Bulk Secures €410m Senior Secured Loan

Bulk Infrastructure has successfully closed a €410 million ($472.1m) senior secured loan to support the continued development of its N01 data center campus in the Vennesla municipality. The N01 data center campus is located on a three-square-km site next to a transformer station just outside of Kristiansand in the Agder region. 

“Bulk continues our industrial growth journey as a leading Nordic digital infrastructure company. This financing marks a significant milestone for our robust platform to meet fast-growing customer demand for AI training and inference,” said Jon Gravråk, CEO, Bulk Infrastructure.

“The transaction attracted strong interest from both Nordic and international lenders throughout the process. The outcome reflects the solid fundamentals of both Bulk and the N01 Data Center Campus and the trust we have built across financial institutions,” added Gaute Krekling, CFO of Bulk Infrastructure.