Digital 9 Infrastructure Completes EMIC-1 Divestment, Reduces Debt

Digital 9 Infrastructure Plc ( (GB:DGI9) ) has provided an update.

Digital 9 Infrastructure plc has completed the divestment of its entire stake in the EMIC-1 project for $43 million, slightly higher than previously announced due to closing adjustments. The proceeds will be used to significantly reduce the company’s debt by repaying £40 million of its Revolving Credit Facility, with plans to clear the remaining balance through future divestments and working capital surpluses.

The most recent analyst rating on (GB:DGI9) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.

More about Digital 9 Infrastructure Plc

Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the London Stock Exchange, part of the FTSE All-Share index. The company focuses on managing a wind-down process to realize its existing assets in an orderly manner. InfraRed Capital Partners, appointed as the Alternative Investment Fund Manager, oversees this process, leveraging its global presence and sector expertise.

Average Trading Volume: 2,668,772

Technical Sentiment Signal: Sell

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