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 Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more DEALS Absa Supports Heriot REIT’s Landmark Student Accommodation Development in Cape Town Absa Corporate and Investment Banking has partnered with Heriot REIT to provide development and investment financing for a landmark student accommodation project in Cape Town, reinforcing our commitment to enabling sustainable growth and investment across South Africa's real estate sector. Read more
