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Liquid Intelligent repaid debt, secured new funding, and plans a bond swap to cut leverage and boost African growth.
Liquid Intelligent Technologies has repaid its ZAR term loan and USD revolving credit facility, secured $410 million in new credit, and received $195 million in capital from parent company Cassava Technologies.
It plans to issue a $300 million bond to replace a $620 million bond due in September 2026, reducing leverage.
These steps support its growth in Africa and other regions through the One Cassava ecosystem, which delivers AI, cloud, data center, payments, and low-latency broadband services via a 110,000 km fibre network.
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Liquid Intelligent pagó la deuda, aseguró nuevos fondos y planea un intercambio de bonos para reducir el apalancamiento e impulsar el crecimiento africano.