Listed infrastructure investment vehicle Cordiant Digital Infrastructure (CORD) has signed a €200 million ($215m) Eurobond facility. 

The facility provides fresh committed capital to finance new acquisitions from the company's investment pipeline and fund growth capital expenditure within CORD's existing portfolio of operating companies.

The facility has been established through a private placement with an international syndicate comprising funds managed and / or advised by:

• Allianz Global Investors
• Kommunalkredit Austria
• Schroders Capital
• UBS Asset Management

A total of €80 million of the facility is conditional on completion of the previously announced acquisition of Emitel.

The facility has an initial maturity date of 30 September 2026, with an extension option of up to 3 years (subject to the approval of the bondholders) and will be issued in both fixed and floating interest rate tranches. 

The Eurobonds will be issued by Cordiant Digital Holdings Two, the company's wholly owned subsidiary which holds CORD's European investments, and will complement existing bank facilities at the operating company level.

Following completion of the Emitel acquisition and in the event the Eurobonds are issued in full, the weighted average credit margin of the group's debt facilities is expected to be about 3.25% and aggregate group debt is expected to be about 40% of gross asset value.

Steven Marshall, chairman of digital infrastructure, Cordiant Capital, the investment manager, said: "We are delighted by the strong demand in, and successful outcome of, this private placement, which has been supported by high quality, sector-specialist investors, reaffirming the attractive fundamentals and growth prospects of our existing portfolio. We continue to seek attractive investment opportunities for our shareholders and look forward to drawing on the Facility to deliver on our pipeline."