Row rect Shape Decorative svg added to bottom 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 ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more DEALS Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more DEALS Advancing renewable energy resilience through structured finance Absa Corporate and Investment Banking supported Envusa Energy, a joint venture between Anglo American and EDF Power Solutions, in the financing of the Sishen Solar PV project. The embedded renewable energy facility will supply solar power directly to the Sishen Iron Ore Mine in the Northern Cape, South Africa. Read more
