Ascenty, a data center company in South America, has gotten more than $1 billion in funding. The corporation, which is owned by Digital Realty, disclosed that it had obtained two instruments: an offshore term credit facilities and a local capital market debenture issuance. Ita, Natixis, Scotiabank, Bank Agricole, Banco MUFG Brasil, and Mizuho were the driving forces behind the $825 million international facility. The company claimed that an additional six banks joined the operation in addition to these. The second instrument was the $200 million worth of local market debentures that were issued under Bradesco's leadership.
According to Ascenty, the investment increased cash available to finance development projects in Brazil and extended the company's debt maturity. According to Gustavo Sousa, CFO of Ascenty, they will now look for comparable arrangements for the markets in Mexico, Chile, and Colombia based on the success attained in funding the Brazilian activities. This operation, which is unusual in the industry, illustrates the market's trust in Ascenty, which is notable for its portfolio of long-term clients like major IT firms but also for its operational capacity. 34 data centers are now operational or being built by Ascenty, a company owned by Digital Realty and Brookfield Infrastructure Partners, across Brazil, Chile, Mexico, and Colombia.
