Digital 9 secures £75 million additional debt under revolver

By Marisa Wong

Los Angeles, Aug. 8 – Digital 9 Infrastructure plc announced it signed its first increase under the terms of its existing revolving credit facility.

The £75 million increase brings the total aggregate capital commitments provided by the bank syndicate to £375 million, according to a news release.

The group may request further increases of up to an additional £125 million.

The triggering of the accordion facility has no impact on the terms of the revolver, which remain unchanged, the company noted.

The 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.

Digital 9 is a London-based investment trust that invests in digital infrastructure.

© 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.