tiprankstipranks
Trending News
More News >

OVHcloud Secures €950 Million in Refinancing with Historic Green Loan

Story Highlights
OVHcloud Secures €950 Million in Refinancing with Historic Green Loan

An announcement from OVH Groupe SAS ( (FR:OVH) ) is now available.

OVHcloud has successfully completed its refinancing, highlighted by the issuance of a €500 million bond and securing a €450 million EU Taxonomy-aligned Green Loan. These moves diversify their funding sources and position them as the first European cloud player to secure such a green loan, showcasing their commitment to sustainability and strengthening their market position.

More about OVH Groupe SAS

OVHcloud is a global leader in cloud solutions and the European leader in its industry, offering a range of services including data processing, hosting, and related activities. The company focuses on sustainable practices and innovation within the cloud sector.

YTD Price Performance: -6.50%

Average Trading Volume: 786

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.23B

For detailed information about OVH stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App