Digitalbridge Group Inc Stock Price, News & Analysis

Scala Data Centers, founded by DigitalBridge (NYSE:DBRG), has signed a Power Purchase Agreement (PPA) with ENGIE Brasil Energia, ensuring over 1,600 GWh of renewable energy supply by 2033. This agreement extends Scala's commitment to 100% renewable energy by five years, capable of powering a city of 700,000. CEO Marcos Peigo emphasizes the company's focus on sustainable growth and strategic partnerships. Scala is the first Latin American data center to operate entirely on certified renewable energy and has achieved carbon neutrality since its inception.

DigitalBridge Group, Inc. (NYSE: DBRG) announced the acquisition of PCCW Ltd.'s data center business by its affiliated funds. PCCW DC is a prominent colocation data center provider in Hong Kong, serving major hyperscale and enterprise clients. DigitalBridge aims to leverage its expertise in data center operations to support PCCW DC's growth strategy. The deal, expected to close in Q4 2021, enhances DigitalBridge’s regional footprint, capitalizing on a strong development pipeline. The company's digital infrastructure portfolio is valued at approximately $32 billion.

DigitalBridge Group (NYSE: DBRG) is redeeming all 3,450,000 shares of its 7.500% Series G Cumulative Redeemable Perpetual Preferred Stock, totaling a liquidation preference of $86.25 million. This strategic move aims to lower the company's cost of capital significantly, reducing it from 7.50% to 3.933% through the recent $500 million securitized notes offering. The redemption is set for August 16, 2021, with dividends ceasing on that date. Following the redemption, the Series G Preferred Shares will be delisted from the NYSE.

DigitalBridge Group, Inc. (NYSE: DBRG) will release its second quarter 2021 financial results on August 5, 2021, before the market opens. The earnings conference call is scheduled for 10:00 a.m. ET, marking the first call since the company's rebranding from Colony Capital. Investors can access the live presentation and listen via telephone. DigitalBridge, a global digital infrastructure REIT, manages a $32 billion portfolio, focusing on towers, data centers, and fiber. The company is headquartered in Boca Raton, with offices in key global cities.

DigitalBridge Group, Inc. (NYSE: DBRG) has successfully closed two securitized financing note issuances totaling $500 million. The offering includes $300 million of Series 2021-1 Class A-2 Notes and $200 million in variable funding notes. This venture marks a significant milestone as it establishes the first investment-grade rating of BBB from Kroll and allows refinancing through 2026, enhancing financial flexibility. The net proceeds are estimated at $490.6 million, aimed at digital infrastructure investments and corporate liabilities.

DigitalBridge Group (NYSE: DBRG) announced the establishment of EdgePoint Infrastructure, a wireless tower platform targeting Southeast Asia's high-growth markets. EdgePoint has acquired over 10,000 sites in Indonesia and Malaysia, controlling a stake in PT Centratama Telekomunikasi and completing a sale-leaseback transaction for 4,247 towers from Indosat Ooredoo. Partnering with telecom expert Suresh Sidhu, EdgePoint aims to enhance next-generation wireless infrastructure and expand operations. DigitalBridge manages a $32 billion digital infrastructure portfolio, focusing on advancing connectivity in the Asia-Pacific region.

Scala Data Centers has been recognized as the leader in the Colocation quadrant of the ISG Provider Lens™ Next-gen Private/Hybrid Cloud – Data Center Services & Solutions 2021 for the second consecutive year in Brazil. Key highlights include the construction of three new data centers, achieving carbon neutrality in 2021, and operating on 100% renewable energy since 2020. The company has a strong commitment to ESG and is expanding through a partnership with Gemelo for Edge Computing, leveraging DigitalBridge's extensive tower assets.

DigitalBridge Group, Inc. (NYSE: DBRG) has announced a successful pricing of $300 million in Series 2021-1 3.95% Secured Fund Fee Revenue Notes, Class A-2. Interest on these notes will be paid quarterly, with a maturity date set for September 2026. The proceeds from this offering will support general corporate purposes. Concurrently, the Company plans to issue Series 2021-1 Secured Fund Fee Revenue Variable Funding Notes, allowing up to $150 million in revolving credit, potentially increasing to $200 million. The closing date for these transactions is scheduled for July 9, 2021.