DEALS Funding solutions for digital transformation Absa | Corporate and Investment Banking > Insights and Events > Funding solutions for digital transformation SHARE We are proud to have acted as Sole MLA, Co-ordinator and Bookrunner for an R11.8bn debt package for Teraco Data Environments. Teraco Data Environments, a subsidiary of Digital Realty, is Africa’s leading carrier-neutral colocation provider and the first provider of highly resilient, vendor-neutral data environments in sub–Saharan Africa. With its world-class data centre infrastructure and network-dense ecosystems, Teraco forms a vital part of the African internet’s backbone and is essential to the modern enterprise’s digital transformation strategy. The facility arranged was an R11.8bn debt package, with Absa anchoring the financing with a R7bn commitment. This landmark transaction will enable Teraco, to create further capacity in the South African market and provide the springboard for its customers to grow cloud provision into South and sub-Saharan Africa. The financing of Teraco’s green energy projects further supports its move to a more sustainable future. This deal demonstrates our ability to provide solutions for clients and support them with fit-for-purpose funding facilities to meet their growth ambitions. We were able to deliver this package for our client by utilising our expert knowledge of the client and sector to provide a competitive funding structure. Contact us “We would like to extend our gratitude to Absa and the entire lender group for their dedicated efforts and overwhelming support for this landmark lending transaction. This financing will enable the continued expansion of Teraco’s key interconnection hubs located on the Isando, Bredell, and Cape Town Campuses, and a significant renewable energy generation programme aligned to our Environmental, Social, and Governance goals.” Sam Erwin, Chief Financial Officer, Teraco Data Environments (Pty) Ltd. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more DEALS Charging Progress in Green Energy The R3.8 billion wind energy transaction will finance the design, development, construction, operation, and maintenance of a 150MW wind project that will generate clean energy for Discovery Green - advancing the just energy transition we are proud to support. Read more
