Polar, an H.I.G. Capital Portfolio Company, Issues EUR 800 Million Nordic Bond

On June 1, 2026, PolarDC Group Limited, a company within H.I.G. Capital's portfolio, successfully raised EUR 800 million through the Nordic bond market. This transaction marks the largest of its kind in the region, reinforcing Polar's position in the European data center sector. The capital is allocated to refinancing existing debt and completing new facilities in Norway by 2027. The bond issue saw strong global investor interest and was significantly oversubscribed.

CEO of Polar, Andy Hayes, highlighted the strategic nature of this financing, emphasizing the company's expansion to address increasing demand from diverse tech sectors. Andrew Liau, Head of Europe Infrastructure at H.I.G., expressed satisfaction with the investor support and the company's rapid growth. Arctic Securities and DNB Carnegie were joint bookrunners for the bond issuance.