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Liquid Intelligent Technologies Announces Debt Repayment
Liquid Intelligent Technologies has announced the full repayment of its ZAR-denominated term loan and its USD revolving credit facility as part of a broader financial restructuring aimed at strengthening its capital position and supporting future expansion.
In parallel with the debt repayment, the company has secured approximately $410 million in new ZAR and USD-denominated credit facilities from a syndicate comprising commercial and development finance institutions. At the same time, its parent company, Cassava Technologies, has injected an additional $195 million in fresh capital to reinforce the group’s financial stability and growth capacity.
According to Hardy Pemhiwa, Cassava Technologies President and Group CEO, the transactions are part of a deliberate strategy to strengthen the group’s capital structure while positioning the business for accelerated expansion across Africa’s digital markets.
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“These transactions, alongside the recent sale of a minority stake in a data centre subsidiary in South Africa, are part of a significant strengthening of our capital structure as we position the Group for accelerated growth,” Pemhiwa said.
He added that through the company’s One Cassava ecosystem strategy, the group is delivering integrated solutions spanning artificial intelligence, cloud services, data centre infrastructure, digital payments, and low-latency broadband connectivity targeted at enterprise customers across the continent.
The minority stake sale was executed within the South African operations of Africa Data Centre Holdings, which remains a wholly owned subsidiary of Cassava Technologies.
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Looking ahead, Liquid intends to issue a new $300 million bond to replace its existing $620 million bond ahead of its maturity in September 2026. The planned issuance is expected to reduce the company’s leverage levels and further strengthen its balance sheet as it prepares for long-term growth investments.
The financial moves reflect the group’s ongoing strategy to reinforce liquidity, optimise debt structures, and support expansion of its digital infrastructure footprint across Africa.