DigiCo Infrastructure REIT Completes Sale of Chicago Data Center Facility
MT Newswires Live
10 hours ago
DigiCo Infrastructure REIT (ASX:DGT) completed the sale of its Chicago data center facility CHI1, with the divestment of its LAX1 and LAX2 assets progressing through the final stages of due diligence, according to a Thursday filing with the Australian bourse.
Proceeds from the US asset sales are expected to increase pro-forma liquidity to around AU$1.2 billion, reduce net debt to about AU$500 million from AU$1.6 billion, lower gearing to 18%, strengthen the balance sheet, and fully fund the 88-megawatt Sydney 1 data center expansion project, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.