Ascenty raises USD 1.025 billion in funding for investments to build new data centers
The transaction includes two instruments, an offshore Term Loan Facility and a debenture issuance on the local capital market
Ascenty, the leading colocation company in Latin America, with 34 data centers in Brazil, Chile, Mexico, and Colombia, obtained funding of USD 1.025 billion over a period of 5 years in two instruments.
The first was an overseas Term Loan Facility worth USD 825 million, led by Itaú, Natixis, Scotiabank, Credit Agricole, Banco MUFG Brasil and Mizuho. In addition to these banks, 6 others joined the operation.
The second instrument was the issuance of debentures on the local market in an amount equivalent to USD 200 million, led by Bradesco. The debentures were issued in Brazilian reais and feature a swap to U.S. dollars.
These transactions extended the company’s debt period and injected cash to expand its activities in Brazil. Even with the global financial market undergoing a volatile moment, Ascenty shows that its long-term client relationships and operational consistency provide the company with differentiated fundraising conditions.
“Based on the success obtained in financing the Brazilian operations, we will now seek similar structures for the Mexican, Chilean, and Colombian markets,” comments Gustavo Sousa, Ascenty’s CFO. “This operation, unprecedented in the sector, demonstrates the market’s confidence in Ascenty, which stands out due to its portfolio of long-term clients, such as large big techs, but mainly because of its operating capacity. Despite being a young company at only 13 years old, its projects have reached a high level of maturity, with about 90% of our capacity in Brazil being fully operational,” adds Sousa.
Ascenty, a Digital Realty and Brookfield company, is the largest connectivity and data center service provider in Latin America, currently managing 34 data centers in operation and/or construction in Brazil, Chile, Mexico and Colombia, interconnected by 5,000 km of proprietary fiber-optic network. The company was established in 2010 and builds and operates world-class data centers serving the world’s largest cloud and technology providers, as well as other customers in the finance, retail, industrial, healthcare and service industries. To support its expansion, Ascenty relies on its shareholders – Brookfield Infrastructure Partners, a Canadian asset management company, and Digital Realty, the world’s largest data center company, with more than 300 sites located in North America, Europe, Latin America, Asia and Australia. To learn more about Ascenty, go to the website.