Investing in Africa’s
Digital Transformation
Journey

SHARE
Facebook
Twitter

We are pleased to have acted as sole Mandated Lead Arranger, Bookrunner, Facility Agent and Coordinator for ZAR 8bn of expansion capital facilities for Teraco.

Teraco Data Environments (Pty) Ltd, a subsidiary of Digital Realty Trust Inc, is Africa’s leading carrier-neutral colocation data service infrastructure provider, and the first to deliver highly resilient vendor-neutral data environments in Sub-Saharan Africa. With world-class data centre infrastructure and robust network ecosystems, Teraco forms a vital part of Africa’s technological framework.

The ZAR 6.7bn Capital Expenditure and ZAR 1.3bn Green Energy Facility is one of the landmark transactions for the financial year 2024, following a ZAR 12bn refinancing and upsize transaction concluded in 2022. This financing will allow Teraco to expand its reach, facilitating digital transformation throughout Southern Africa.

The green loan will support Teraco’s environmental objectives and will enable investment into renewable energy generation and the adoption of energy-efficient technologies, which will significantly lower the company’s carbon footprint.

Our enduring partnership with Teraco has enabled us to take a leading role in structuring and arranging this deal, and by combining our in-depth industry knowledge, experience with complex financial structures, and close partnership with the client, our team was able to effectively structure and deliver the required funding.

Related Articles

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.

DEALS

Advancing Scalable, Purpose-Built Student Accommodation

Absa Corporate and Investment Banking facilitates a R785 million deal to expand South Africa’s student accommodation infrastructure.

DEALS

Capital for sustainable impact

Absa leads a landmark R4.9 billion deal with South Africa’s largest domestic infrastructure equity fund to support African Infrastructure Investment Managers’ (AIIM) strategy at directing capital towards Africa’s priority development sectors.