15th Feb 2024 14:39
Digital 9 Infrastructure PLC - London-based investor focused on "critical digital infrastructure assets" - Portfolio company Verne Global Iceland signs USD17 million increase to its existing green term loan debt facility. The accordion facility brings the total aggregate capital commitments provided by lenders to USD117 million. Digital 9 says that the proceeds will be used to fund Verne Global's growth capital expenditure pipeline as it awaits the sale of its stake in Verne to close.
In November, Digital 9 announced the sale of its stake in the Verne Group for up to USD575 million to funds managed by Ardian France SA, a Paris-based investment and asset management firm. In February, the company said that the sale had been delayed, after its investment manager, Triple Point Management LLP, was notified by the buyer that the Iceland anti-trust authority had opened a phase 2 investigation into the Verne transaction. The company said that the investigation could last between 90 and 125 days from February 8.
Current stock price: 18.65 pence per share, up 4.5% in London on Thursday afternoon.
12-month change: down 78%
By Hugh Cameron, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Related Shares:
Digital 9