Triple Point’s Digital 9 Infrastructure plc (“DGI9” or the “Company”) today announces the launch of a placing of new ordinary shares in the capital of the Company at a price of 108 pence per Ordinary Share. DGI9 is targeting gross proceeds of approximately £200 million, to be issued under the existing Placing Programme. The net proceeds of the Placing will be used to acquire further assets as identified in the Company’s IPO pipeline of investment opportunities.
DGI9 is currently substantially fully deployed/committed and has identified an immediate term pipeline of approximately £325 million, part of a near term pipeline of approximately £500 million, with a total pipeline of approximately £1.8 billion.
To assist in short term funding of the Company’s pipeline of investment opportunities, the Investment Manager is in the process of arranging a new syndicated revolving credit facility of up to £300 million (the “RCF”). The Company has appointed a sole coordinator for the RCF and, subject to agreement of final terms with the lender group, it is anticipated the RCF will be available for draw down by the end of February 2022.
Potential investors should refer to the information within the Prospectus which is available via the Documents section of the website and must only subscribe for or purchase shares in Digital 9 Infrastructure plc on the basis of information contained within it. As with all investments investors capital is at risk.