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Digital 9 Infrastructure completes sale of SeaEdge UK1 and repays RCF

Why we think this is good

The RNS announcement indicates that Digital 9 Infrastructure has successfully completed the sale of its interests in SeaEdge UK1 for £10.7 million, which is broadly in line with the asset's net asset value. The company will use the net proceeds of £10.3 million to fully repay and cancel the outstanding Revolving Credit Facility (RCF) balance of £13 million, concluding the fund deleveraging process. This is a positive development as it improves the company's financial position and reduces its debt burden.

Key Points

  • Completed sale of SeaEdge UK1 for £10.7 million
  • Net proceeds of £10.3 million used to fully repay and cancel RCF balance of £13 million
  • Concludes the fund deleveraging process initiated in 2024

Summary

The infrastructure company has completed the sale of one of its assets and used the proceeds to fully repay its outstanding debt, strengthening its financial position.

Digital 9 Infrastructure PLC has announced the completion of the sale of its interests in SeaEdge UK1 to Stellium Datacenters Limited for £10.7 million. The sale price is broadly in line with the asset's 31 December 2024 net asset value. The net proceeds of £10.3 million will be used to fully repay and cancel the company's Revolving Credit Facility (RCF) balance of £13 million, concluding the fund deleveraging process initiated in 2024. This transaction improves the company's financial position and reduces its debt burden.

GENERAL UPDATE