Digital 9 repays credit facility after selling SeaEdge UK1

(Sharecast News) - Digital 9 Infrastructure announced on Wednesday that it has completed the sale of its SeaEdge UK1 asset to Stellium Datacenters for £10.7m, using the proceeds to fully repay and cancel its revolving credit facility. It said the sale price was broadly in line with the asset's year-end 2024 net asset value, and included deferred rent and associated receivables.

The London-listed firm said the transaction marked the conclusion of its stated realisation process, following the prior divestments of Verne Global in March and EMIC-1 in May.

Net proceeds from the SeaEdge sale amounted to £10.3m after costs, which, along with additional working capital, were used to repay the outstanding facility balance of £13m.

Digital 9 said it was focused on an orderly managed wind-down of the company, with a continued priority on returning capital to shareholders through further asset disposals and value optimisation of its remaining portfolio.

At 1059 BST, shares in Digital 9 Infrastructure were up 4.63% at 9.5p.

Reporting by Josh White for Sharecast.com.