REG - Digital 9 Infrastr. - Revolving Credit Facility Increase of £75 million

Digital 9 InfrastructureAnnouncement

08/08/2022 07:00

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RNS Number : 1509V  Digital 9 Infrastructure PLC  08 August 2022

8 August 2022

DIGITAL 9 INFRASTRUCTURE PLC

("DGI9", the "Company" or, together with its subsidiaries, the "Group")

 

Revolving Credit Facility Increase of £75 million

 

The Board of Digital 9 Infrastructure plc (ticker: DGI9) is pleased to
announce that the Group has signed its first increase under the terms of its
existing Revolving Credit Facility (the "RCF"). The increase of £75 million,
brings the total aggregate capital commitments provided by the bank syndicate
(the "Lenders") to £375 million. The Group may request further increases,
subject to Lenders' approval and subject to the Company's Borrowing Policy, of
up to an additional £125 million. The triggering of the accordion facility
has no impact on the terms of the RCF, which remain unchanged.

 

Triple Point Investment Management LLP, the Group's Investment Manager,
continues to identify attractive investment opportunities for the Company's
portfolio. The RCF increase will provide the Group with additional committed
capital, to help finance the acquisition of further investments from its
near-term pipeline and to fund growth capital expenditure for its existing
investee companies. The Investment Manager remains focused on converting its
pipeline of over £2 billion of potential assets.

 

Phil Jordan, Chair of Digital 9 Infrastructure plc, said:

"We are delighted to have secured further support from our bank syndicate,
reflecting the strengthening credit and financial resilience of the Company
following our recent acquisitions and capital raise. The additional firepower
will fund existing commitments across our balanced portfolio as well as
supporting our attractive near-term pipeline."

 

Ralph Weichelt, Head of Debt Capital Markets at Triple Point Investment
Management LLP, added:

 

"Securing an additional £75 million of debt capital whilst retaining the
original, competitive terms of the RCF is an important further milestone of
the Company's longer-term debt strategy. Over the last months we were able to
develop an excellent relationship with the bank syndicate and we value their
strong support of the digital infrastructure sector."

FOR FURTHER ON THE COMPANY INFORMATION, PLEASE CONTACT:

   Triple Point Investment Management LLP (Investment Manager)   +44 (0)20 7201 8989

   Thor Johnsen

   Andre Karihaloo
   J.P. Morgan Cazenove (Corporate Broker)                       +44 (0)20 7742 4000

   William Simmonds

   Jérémie Birnbaum
   FTI Consulting LLP (Communications Adviser)

   Mitch Barltrop                                                +44 (0) 7807 296 032

   Gina Magnin                                                   +44 (0) 7815 585 751

   dgi9@fticonsulting.com (mailto:dgi9@fticonsulting.com)

 

LEI: 213800OQLX64UNS38U92

 

NOTES:

 

Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the
London Stock Exchange with ticker DGI9. The Company invests in the
infrastructure of the internet that underpins the world's digital economy:
digital infrastructure.

 

The number 9 in Digital 9 Infrastructure comes from the UN Sustainable
Development Goal 9, which focuses the fund on investments that increase
connectivity globally and improve the sustainability of digital
infrastructure. The assets DGI9 invest in typically comprise scalable
platforms and technologies including (but not limited to) subsea fibre, data
centres, terrestrial fibre, and wireless networks.

 

From its IPO in March 2021 and subsequent capital raises, DGI9 has raised
total equity of £905 million and total aggregate capital commitments of £375
million under a revolving credit facility, committed or invested into the
following data centres, subsea fibre and wireless networks:

 

·   Aqua Comms, a leading owner and operator of 20,000km of the most
modern subsea fibre systems - the backbone of the internet - with a customer
base comprising global tech and global telecommunications carriers (April
2021);

·    Verne Global, the leading Icelandic data centre platform, with 40MW
of high intensity computing solutions in operation or development, powered by
100% baseload renewable power (September 2021);

·      EMIC-1, a partnership with Meta on a 10,000km fibre system from
Europe to India (July 2021);

·    SeaEdge UK1, a data centre and landing station for the North Sea
Connect subsea cable, part of the North Atlantic Loop subsea network,
improving connectivity between the UK, Ireland, Scandinavia and North America
(December 2021);

·     Host Ireland, a leading enterprise broadband provider that owns
and operates Fixed Wireless Access networks (April 2022);

·      Volta, a premier data centre based in central London, providing
6MW retail co-location services (April 2022);

·    Ficolo, a leading Finnish data centre and cloud infrastructure
platform, with c.23MW of data centre capacity, powered by 100% renewable power
and distributing surplus heat to district heating networks (July 2022); and

·     Arqiva, the only national terrestrial television and radio
broadcasting network in the United Kingdom providing data, network and
communications services, as well as a national IoT connectivity platform
(announced June 2022).

 

The Investment Manager is Triple Point Investment Management LLP ("Triple
Point") which is authorised and regulated by the Financial Conduct Authority,
with extensive experience in infrastructure, real estate and private credit,
while keeping ESG principles central to its business mission. Triple Point's
Digital Infrastructure team has over US$ 300 billion in digital
infrastructure transaction experience and in-depth relationships across global
tech and global telecoms companies. For more information, please visit
www.triplepoint.co.uk (http://www.triplepoint.co.uk) .

 

The Company's Ordinary Shares were admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange on 31 March 2021.

 

For more information, please visit www.d9infrastructure.com
(http://www.d9infrastructure.com) .

 

 

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