Industry Newsdata centresdigital infrastructurecassava technologyrefinancing
Cassava Reaffirms Control Over Africa Data Centres
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7.1
Cassava Technology told The Zimbabwe Mail it is not selling Africa Data Centres and has secured credit approvals to refinance a US$131 million facility due at the end of February. Management said ADC remains under group control while Liquid plans to replace its US$620 million bond due September 2026 with a smaller US$300 million issue targeted for completion by March 2026, reducing rollover risk.
Scoring Rationale
Official refinancing progress and retained ADC control drive credibility, constrained by speculative ratings and emerging-market refinancing risks.
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