Teraco Secures $680M Loan to expand its South African Data Centres
Teraco, a leading carrier-neutral data centre and interconnection services provider in South Africa, has secured a syndicated loan of ZAR 11.8 billion ($680 million) to fund the expansion of its key interconnection hubs located in Isando, Bredell, and Cape Town.
The loan, led by Absa, was provided by several financial institutions and opens up the possibility for future funding.
The loan will finance Teraco's new data centre builds, which are designed to be sustainable and minimize their environmental impact. The builds reflect Teraco's commitment to ESG goals, such as reducing energy consumption, water usage, and environmental impact.
Teraco supports enterprises and cloud providers in their digital transformation efforts and helps organizations dynamically scale their IT infrastructure, adopt hybrid multi-cloud architectures, and connect with strategic partners within its platform ecosystem.
With the increasing demand for world-class data centre facilities, Teraco's investment in digital infrastructure is timely. The majority shareholder in Teraco, Digital Realty, shares the company's sustainability commitment and helps drive the industry toward energy and resource-efficient colocation services.
