t
Digital 9 Infrastructure PLC (D9) completed the sale of its interests in SeaEdge UK1 to Stellium Datacenters Limited for a consideration of £10.7m, yielding net proceeds of £10.3m after transaction costs. D9 will use these net proceeds and further working capital surpluses to repay and cancel its Revolving Credit Facility balance of c. £13million in full, as announced on June 11, 2025.
| Date | 11 Jun 2025 |
| Time | 07:12:11 |
| Category | Disposals |
| ID | 3644M |
11 June 2025
DIGITAL 9 INFRASTRUCTURE PLC
("D9" or the "Company" and, together with its subsidiaries, the "Group")
Completed sale of SeaEdge UK1 and full repayment of RCF
The Board is pleased to announce that D9 has exchanged and completed the sale of its interests in SeaEdge UK1 ("SeaEdge") to Stellium Datacenters Limited. SeaEdge is a sub-lease of a data centre and subsea fibre landing station, located on a data centre campus in Newcastle, at which Stellium operates.
The £10.7m consideration for SeaEdge includes the payment of deferred rent and is broadly in line with the 31 December 2024 net asset value of the investment together with the associated rent receivable at that date. The sale concludes the realisation process outlined to the market in the latest annual report and results presentation and follows a competitive process with several third-party bidders. The net proceeds are £10.3m after the deduction of transaction and related costs, which the Company will use along with further working capital surpluses, to imminently repay and cancel the Revolving Credit Facility ("RCF") balance of c. £13million in full. This concludes the fund deleveraging process initiated in 2024, which followed the completed divestment of Verne Global (15 March 2024) and EMIC-1 (28 May 2025).
The Board and Investment Manager will continue executing the orderly managed wind down of the Company, prioritising the return of capital to shareholders from remaining portfolio company divestments and maximising the value of such investments whilst they are owned or part-owned by the Company.
ENDS.
Contacts
|
Digital 9 Infrastructure plc Eric Sanderson |
via FTI Consulting |
|
InfraRed Capital Partners Limited James O'Halloran Mohammed Zaheer |
+44 (0) 207 484 1751
|
|
Panmure Liberum Limited (Financial Adviser to the Company) Chris Clarke Darren Vickers |
+44 (0) 203 100 2222 |
|
J.P. Morgan Cazenove (Corporate Broker) William Simmonds Jérémie Birnbaum |
+44 (0) 20 7742 4000 |
|
FTI Consulting (Communications Adviser) Mitch Barltrop Maxime Lopes |
+44 (0) 7807 296 032 +44 (0) 7890 896 777 |
LEI Code: 213800OQLX64UNS38U92
About Digital 9 Infrastructure plc
Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the London Stock Exchange and a constituent of the FTSE All-Share, with the ticker DGI9. The Company's investment objective is to undertake a Managed wind-down of the Company and realise all existing assets in the Company's portfolio in an orderly manner. For more information, please visit www.d9infrastructure.com.
About InfraRed Capital Partners (Investment Manager to D9 to effect the wind-down)
InfraRed was appointed as AIFM on 11 December 2024 to effect the managed wind-down of D9.
InfraRed manages US$13bn of equity capital2 for investors around the globe, in listed and private funds across both core and value-add strategies.
InfraRed combines a global reach, operating worldwide from offices in London, Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.
InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.
For more information, please visit www.ircp.com.
2 Uses 5-year average FX as at 30th September 2024 of GBP/USD of 1.2827; EUR/USD 1.1123. EUM is USD 12.803m