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DigitalBridge Group, Inc. reports developments tied to its role as a global alternative asset manager focused on digital infrastructure. Company news centers on investments and operating platforms across cell towers, data centers, fiber, small cells and edge infrastructure, including completed data center asset acquisitions by affiliated funds and capital activity involving communications infrastructure platforms.
Recurring updates also cover operating and financial results, shareholder voting matters, governance items, material agreements and capital-structure disclosures. These themes reflect DigitalBridge's management of infrastructure assets for limited partners and shareholders across digital connectivity and computing infrastructure markets.
DigitalBridge Group, Inc. (NYSE: DBRG) has completed the sale of its Other Equity & Debt portfolio to Fortress Investment Group for a net value of $506.8 million. This includes $443.4 million in cash received at closing and $32.2 million in future payments. The transaction aligns with the company's goal to leverage funds for future digital investments. Additionally, one asset valued at $28.0 million was removed from the sale, to be marketed separately in 2022.
DigitalBridge Group (NYSE:DBRG) has successfully acquired the telecom tower portfolios of two major Icelandic mobile network operators, Sýn and Nova, forming ÍslandsTurnar, the first independent tower company in Iceland. This strategic move supports the deployment of 5G networks, with both Sýn and Nova serving as long-term anchor tenants. The acquisition enhances DigitalBridge's presence in the Nordics, following their previous acquisition of Digita Oy in 2018, further consolidating their position in the digital infrastructure market.
Vantage Data Centers, backed by Digital Bridge Group, has successfully acquired PCCW Ltd.’s data center business, enhancing its platform with 100MW of capacity in Hong Kong and Kuala Lumpur. This acquisition marks a strategic move into the Asia-Pacific market, following Vantage’s earlier purchase of Agile Data Centers. With this expansion, Vantage now operates 23 campuses globally. The company has secured $1.5 billion in equity financing to support its growth in the APAC region where demand for digital infrastructure is rapidly increasing.
DigitalBridge Group (NYSE: DBRG) announced its participation in multiple upcoming investor and media conferences. Key events include:
November 30-December 3: Marc Ganzi will speak at the Wells Fargo TMT Summit on November 30 at 10:40 am ET.
December 6-8: Participation in the Raymond James Technology Conference with Ganzi speaking on December 6 at 2:10 pm ET.
December 14: Ganzi will also present at the Oppenheimer 5G Summit at 8:15 am ET. Webcasts available on the company website.
DigitalBridge Group announced an Early Exchange Agreement with certain noteholders to exchange approximately $106 million of its 5.75% Exchangeable Senior Notes due 2025 for shares of its Class A common stock. This is part of a total of $150 million exchanged from the original issuance. The adjusted exchange ratio accounts for interest savings, potentially issuing around 48.1 million shares. The exchange is expected to complete by November 24, 2021, while accrued interest payments of $2.2 million will also be paid in cash.
DigitalBridge Group (NYSE: DBRG) announced its participation in multiple upcoming investor and media conferences. Notable events include Nareit’s REITWorld from November 9-11 with virtual investor meetings, followed by the AGL Virtual Summit on November 10, where CEO Marc Ganzi will keynote at 12:00 p.m. ET. Finally, on November 15, Managing Director Warren Roll will join a panel at the New Street Research & BCG 5G Conference, participating from 9:50 a.m. - 10:20 a.m. ET.
DigitalBridge Group, Inc. (NYSE: DBRG) announced a $100 million investment from the International Finance Corporation (IFC) to enhance digital infrastructure assets in Brazil, Indonesia, and Malaysia. The investment includes $75 million already allocated to Scala Data Centers, EdgePoint Infrastructure, and Highline do Brasil, with an additional $25 million earmarked for future projects. This investment aims to improve digital connectivity and data center capacity, supporting economic growth in these emerging markets.
DigitalBridge Group (NYSE: DBRG) announced that Marc Ganzi, its President and CEO, has been appointed to the Nareit 2022 Advisory Board of Governors. Ganzi expressed his commitment to promoting the significant role of REITs in driving job creation, economic growth, and enhancing digital infrastructure. Nareit, representing REITs and real estate firms globally, welcomes Ganzi, who brings over 20 years of experience in the digital real estate sector. DigitalBridge manages a portfolio worth $38 billion, focusing on diverse digital infrastructure assets.
DigitalBridge Group reported strong third-quarter results for 2021, with total revenues reaching $252 million and a net income of $41 million or $0.08 per share. Core FFO was $2.0 million and AFFO amounted to $0.7 million. The company highlighted significant progress, having rotated $70 billion AUM in under three years, and achieved $8.1 billion in commitments for its second flagship fund, surpassing its target by 35%. DigitalBridge has nearly 100% of its AUM in digital assets, with revenue growth driven by an expanding digital portfolio and reduced corporate debt.
Vantage Data Centers has successfully raised US$530 million through a securitized note issuance, marking its seventh such financing since 2018. The five-year notes, rated A- by Standard & Poor’s, will primarily refinance its Variable Funding Note facility and support general corporate needs. This financing, characterized by the tightest spread Vantage has achieved, reflects the company's strong financial position and growing demand for hyperscale data centers. The transaction was facilitated by DigitalBridge Group, Inc. (NYSE: DBRG), Vantage's majority stakeholder.