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://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more 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. Read more
