Digital 9 Infrastructure has completed a £273.5m repayment and partial cancellation of its revolving credit facility, after receiving the proceeds from its sale of Verne Global.
The investment trust completed on the £450m sale earlier this month (15 March) and in an RNS notice today confirmed it had used a portion of the proceeds to pay towards its RCF. Digital 9 Infrastructure completes Verne Global sale for £450m The board said £23m from the Verne deal had been allocated for "prudent capital management to cover possible future liabilities arising from certain value-added tax related indemnification provisions", along with additional RCF repayment and cancellation. It said that an additional RCF repayment and cancellation will be made once the deferred $2...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
