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Digital 9 Infrastructure hails new debt facility for Leeson Telecom

ALN

Digital 9 Infrastructure PLC on Friday reported a new €15 million debt facility for investee Leeson Telecom Ltd, also known as Elio.

Shares in Digital 9 rose 0.3% to 6.16 pence late Friday morning in London.

The firm invests in internet infrastructure such as data centres and subsea fibre, and is managed by London-based InfraRed Capital Partners Ltd.

Digital 9’s Elio has signed a debt facility with AIB Group PLC, which will ‘support its growth initiatives’, Digital 9 said.

‘The structure of the facility has been tailored to reflect Elio’s resilient operating performance and asset base, and supports D9’s objective to maximise value for shareholders over time in line with the realisation plan for the company’s wholly-owned assets,’ Digital 9 stated.

The facility includes €15 million of committed debt and a further €15 million of uncommitted accordion debt, which Elio will draw down to fund mergers, acquisitions and investment in organic growth.

‘Elio is performing ahead of the company’s expectations, supported by a high degree of contracted revenues, strong cash generation and a disciplined approach to capital allocation,’ Digital 9 added.

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