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 Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
