THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION AS STIPULATED UNDER THE UK'S MARKET ABUSE REGULATION.
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION
IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
15 February 2024
DIGITAL 9
INFRASTRUCTURE PLC
("D9" or
the "Company" and, together with its subsidiaries, the
"Group")
Verne Global Iceland secures
$17 million Accordion Facility
under its green loan debt
facility
The Board of Digital 9 Infrastructure
plc (ticker: DGI9) announces that Verne Global Iceland
("Verne Global") has signed
its first increase (the "Accordion
Facility") under the terms of its existing green term loan
debt facility (the "Facility"). The increase of $17
million, brings the total aggregate capital commitments provided by
the bank syndicate (the "Lenders") to $117 million. The debt
proceeds from the Accordion Facility will be used to help fund
Verne Global's growth capital expenditure pipeline and strengthens
its cash position whilst the Company awaits the closing of the
Verne Transaction.
The Purchaser has consented to entry
into the Accordion facility and associated documents pursuant to
the terms of the SPA. The Accordion facility will not result in a
variation to the proceeds which D9 will receive from the
SPA.
The triggering of the Accordion
Facility has no impact on the key commercial terms of the Facility,
which remain unchanged.
Capitalised terms used but not
defined in this announcement shall have the same meaning as given
in prior announcements of the Company.
ENDS.
FOR
FURTHER INFORMATION ON THE COMPANY, PLEASE
CONTACT:
Triple Point Investment Management LLP
(Investment Manager)
Diego Massidda
Ben Beaton
Arnaud Jaguin
Goldman Sachs International (Lead Financial
Adviser)
Alexandre Lucas
Owain Evans
Fabrice Francois
Alexander Tingle
|
+44 (0)20 7201
8989
+44 (0) 20 7774
1000
|
J.P. Morgan Cazenove (Joint Corporate
Broker)
William Simmonds
Jérémie Birnbaum
|
+44 (0)20 7742
4000
|
Peel Hunt (Joint Corporate Broker)
Luke Simpson
Huw Jeremy
|
+44 (0) 20 7418
8900
|
The person responsible for making
this notification is Helen Richardson, Company
Secretary.
About Digital 9 Infrastructure plc:
Digital 9 Infrastructure plc (DGI9)
is an investment trust listed on the London Stock Exchange and a
constituent of the FTSE All-Share, with the ticker DGI9. The
Company invests in the infrastructure of the internet that
underpins the world's digital economy: digital
infrastructure.
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 $300 billion in
digital infrastructure transaction experience and in-depth
relationships across global tech and global telecoms
companies.
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 invests in typically comprise scalable platforms
and technologies including (but not limited to) subsea fibre, data
centres, terrestrial fibre and wireless networks.
Since IPO in March 2021, DGI9 has
invested in the following data centres, subsea fibre and wireless
network assets (other than Verne Global):
· 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;
· Arqiva, the only UK 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;
· Elio
Networks (previously Host
Ireland) a leading enterprise broadband provider that owns and
operates Fixed Wireless Access networks;
· EMIC-1, a partnership with Meta
on a 10,000km fibre system from Europe to India;
· 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.
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. The Company's
ordinary shares were admitted to the premium listing segment of the
Official List of the Financial Conduct Authority and to trading on
the premium segment of the Main Market on 30 August
2022.
For more information on the
Investment Manager please visit www.triplepoint.co.uk.
For more information, please visit www.d9infrastructure.com.
Important Notices
Goldman Sachs International, which
is authorised by the PRA and regulated by the FCA and the PRA in
the United Kingdom, is acting exclusively for D9 and no one else in
connection with the matters referred to in this announcement and
will not be responsible to anyone other than D9 for providing the
protections afforded to clients of Goldman Sachs International, or
for providing advice in relation to the matters referred to in this
announcement.