DEALS

Funding solutions for
digital transformation

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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 Africas leading carrier-neutral colocation provider and the first provider of highly resilient, vendor-neutral data environments in subSaharan Africa. With its world-class data centre infrastructure and network-dense ecosystems, Teraco forms a vital part of the African internets backbone and is essential to the modern enterprises 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 Teracoto 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 Teracos 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.

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 Teracos 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.

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