Elio Networks Debt Facility

Summary by AI BETAClose X

Digital 9 Infrastructure PLC announced that its portfolio company, Elio Networks, has secured a new debt facility with Allied Irish Banks, p.l.c., comprising €15 million in committed debt and an additional €15 million in uncommitted accordion debt. This facility is designed to optimize Elio's capital structure, fund its buy-and-build M&A program, and support organic growth, aligning with D9's objective to maximize shareholder value through its realization plan. Elio is reportedly performing ahead of expectations due to strong contracted revenues, robust cash generation, and disciplined capital allocation.

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