Row rect Shape Decorative svg added to bottom Investing in Africa’s Digital Transformation Journey Absa | Corporate and Investment Banking > Insights and Events > Investing in Africa’s Digital Transformation Journey SHARE 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. Contact Jason Abt for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 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 DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more
