Conapto Secures 100 mSEK Funding, Completes Capacity Contracts in Stockholm 5, and Reviews Strategy
Conapto has secured a cash injection of SEK 100 million from its owner and fully contracted 28 MW in Data Center Stockholm 5. This funding aids in corporate purposes and reinforces the company's financial stability amid strong market demand.
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Conapto received SEK 100 million from its owner as subordinated debt, meeting a condition for its senior secured bonds due in 2028. The funding will support general corporate activities and data center costs.
Additionally, the company has fully contracted a total of 28 MW at Data Center Stockholm 5, increasing its total contracted EBITDA to approximately SEK 710 million. Separately, Marguerite II, Conapto's owner, is assessing strategic options for the business. This review could influence future operational directions and investment strategies.
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