Bulk Infrastructure secures €410 million senior secured financing for N01 Data Center Campus expansion

03 Nov 2025 07:00 CET

Oslo, November 3, 2025 — Bulk Infrastructure (Bulk) has successfully closed a
€410 million senior secured loan to support the continued development of its N01
Data Center Campus in Vennesla municipality, outside Kristiansand, Norway.

The N01 Data Center Campus is one of the largest and most scalable data center
campuses in Europe, combining access to renewable energy with strong
international connectivity through Bulk’s subsea and terrestrial fiber networks.

“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,” says Jon Gravråk, CEO Bulk Infrastructure.

The new financing is secured against selected assets within the first phase of
the N01 site and the proceeds will be used for continued expansion at the site
and refinancing of existing debt.

“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,” says Gaute Krekling, CFO of Bulk Infrastructure.

ABN Amro Bank N.V., Citibank Europe plc, and Nordea Bank Abp acted as Mandated
Lead Arrangers in the transaction. Eastdil Secured served as advisor to Bulk
Infrastructure, while White & Case LLP and Schjødt served as legal counsels to
Bulk Infrastructure.

For further information, please contact Gaute Krekling, CFO Mobile: +47 986 86
973 E-mail: gaute.krekling@bulk.no www.bulkinfrastructure.com

Bulk Infrastructure Group AS is a leading provider of sustainable digital
infrastructure in the Nordics. The company is an industrial investor, developer
and operator of industrial real estate, data centers and dark fiber networks.
Bulk believes in the value creation opportunity of enabling our digital society
to be fully sustainable. Hence the company`s vision: Racing to bring sustainable
infrastructure to a global audience.

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