Cordiant Digital Inf - Datacenter United Senior Refinancing

LEI: 213800T8RBBWZQ7FTF84

30 September 2025

CORDIANT DIGITAL INFRASTRUCTURE LIMITED

DATACENTER UNITED SENIOR REFINANCING

Cordiant Digital Infrastructure Limited (the Company or CORD), the operationally focused, specialist digital infrastructure investor, managed by Cordiant Capital Inc (Cordiant Capital or the Investment Manager), is pleased to announce that its portfolio company, Datacenter United (DCU), has raised a five-year senior financing package of €120 million from a consortium of banks comprising DNB, Belfius Bank and NIBC Bank.

The new facilities have a bullet repayment structure with a maturity in September 2030 and comprise:

The facilities have an opening margin of 2.25% over Euribor, representing highly competitive pricing resulting from significant oversubscription by lenders in the process. Interest rate hedging will be implemented shortly to manage the floating rate exposure of the new debt facilities.

As a result of the repayment of shareholder loans, the Company will receive a cash distribution, pro-rata for its 37.4% economic stake in DCU, of €15 million. The proceeds of this distribution will be used primarily to repay part of CORD's revolving credit facility at the holding company level.

There has been no material impact on CORD's pro-forma gearing and leverage ratios of 40.8% and 4.6x respectively as of 30 June 2025, as reported in the First Quarter Trading Update. CORD and its portfolio companies have no debt facilities maturing until June 2029.

Steven Marshall, executive chairman of Cordiant Digital Infrastructure Management, said:

"We are delighted with the strong support shown by both international and local lenders in this refinancing, which attracted significant interest from the banking market. The new facilities provide Datacenter United with a flexible, long-term capital structure to support its ambitious growth and acquisition plans. This transaction demonstrates both the strength of DCU's operating platform and the robustness of the underlying European data centre market, where secular growth trends underpin demand."

For further information, please visit www.cordiantdigitaltrust.com or contact:

Notes to Editors:

About the Company

Cordiant Digital Infrastructure Limited (the Company) primarily invests in the core infrastructure of the digital economy: data centres; fibre-optic networks; telecommunications and broadcast towers - in Europe and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com.

The Company is a sector-focused specialist owner and operator of Digital Infrastructure, listed on the London Stock Exchange under the ticker CORD. In total, the Company has successfully raised £795 million in equity, along with a €375 million debt package, comprising a €200 million Eurobond and €175 million of committed capex and revolving facilities, deploying capital into six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company and Datacentre United, which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company's Buy, Build & Grow model.

About the Investment Manager

Cordiant Capital Inc (Cordiant Capital) is a specialist global infrastructure and real assets manager with a sector-led approach to providing growth capital solutions to promising mid-sized companies in Europe, North America and selected global markets. Since the firm's relaunch in 2016, Cordiant Capital, a partner-owned and partner-run firm, has developed a track record of exceeding mandated investment targets for its clients.

Cordiant Capital focuses on the next generation of infrastructure and real assets; sectors (digital infrastructure, energy transition infrastructure and the agriculture value chain) characterised by growth tailwinds and technological dynamism. It also applies a strong sustainability and ESG overlay to its investment activities.

With a mix of managed funds offering both value-add and core strategies in equity and direct lending, Cordiant Capital's sector investment teams (combining experienced industry executives with traditional private capital investors) work with investee companies to develop innovative, tailored financing solutions backed by a comprehensive understanding of the sector and demonstrated operating capabilities. In this way, Cordiant Capital aims to provide value to investors seeking to complement existing infrastructure equity and infrastructure debt allocations.

The Investment Manager's Digital Infrastructure team was co-founded by Steven Marshall, formerly President at American Towers Corporation (NYSE: AMT), who chairs all the major portfolio companies. The team consists of 18 professionals who bring considerable hands‑on investing and operating expertise to its investment approach. This investing strategy can be summarised as acquiring and expanding cash-flowing Digital Infrastructure platforms across Europe and in North America.

About DCU

DCU entered the portfolio in February 2025 and is the sixth platform asset acquired by the Company since its launch in 2021 and is consistent with the Company's investment strategy of buying cash flow generating businesses capable of growth under the Buy, Build & Grow model. DCU has 13MW of IT power, split across 14 data centres in 12 locations in Belgium. DCU has capacity expansion potential of an additional 11MW, most of which could be built across the existing sites.  

Following the syndication of €20 million to a Cordiant Capital-managed fund, the Company holds a 37.4% underlying economic interest in DCU, and the Cordiant Capital-managed fund holds a 10.1% underlying economic interest. Cordiant Capital manages the collective 47.5% economic (50% voting) interest in DCU. The other shareholders in DCU are TINC, the specialist Belgian infrastructure investor, which has a 47.5% economic (50% voting) interest and Friso Haringsma, the CEO of DCU, who has a 5% (non-voting) interest.