Digital 9 Infrastructure signs debut £300 million revolving facility

Chicago, March 15 – Digital 9 Infrastructure plc signed its first debt facility in the form of a new £300 million revolver with a three-year term, according to an announcement.

The facility, which expires March 14, 2025, has an uncommitted accordion for an additional £200 million of borrowings.

With the lenders’ approval, the maturity date may be extended twice by a further 12 months.

Interest will be between Sonia plus 325 basis points and 375 bps.

The bank syndicate includes Royal Bank of Scotland International Ltd., DNB (UK) Ltd., Royal Bank of Canada and Banco Santander.

Royal Bank of Scotland was the structuring bank, coordinator and bookrunner.

Taylor Wessing LLP was the legal adviser.

Macfarlanes LLP was counsel for the syndicate.

Proceeds will provide the group with additional committed capital and will help finance the acquisition of further investments from the company’s near-term pipeline.

Digital 9 is a Jersey-based investment trust investing in digital infrastructure assets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.