1st Jul 2024 19:44
Cordiant Digital Infrastructure Ltd - investor in data centres, telecommunications towers, and fibre networks in the UK, Europe and North America - Signs new EUR200 million eurobond facility, which will refinance the existing EUR200 million eurobond signed by the company's indirect subsidiary Cordiant Digital Holdings Two Ltd in June 2022. The refinancing provides greater certainty and flexibility for the group by extending the maturity of the holding company's level term debt from September 2026 to July 2029. Further, agrees to make full repayment of the circa EUR30 million vendor loan note issued as part of the acquisition of Speed Fibre, which completed in October 2023. As part of the refinancing, the company has also arranged additional complementary undrawn credit facilities totalling EUR175 million, split between a growth capex facility of EUR105 million and a multi-currency revolving credit facility of EUR70 million. Read More
