Digital 9 Infrastructure manager to line up £300 million revolver

By Marisa Wong

Los Angeles, Jan. 13 – Digital 9 Infrastructure plc’s investment manager, Triple Point Investment Management LLP, is in the process of arranging a new syndicated revolving credit facility of up to £300 million, according to a news release.

The company said it has appointed a coordinator for the revolver. Subject to agreement of final terms with the lender group, it expects the revolver to be available by the end of February.

The company said gearing will only be used to finance acquisitions on a short term basis, with long-term gearing likely to be applied at an investee company level.

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.