Staff Writer 
LIQUID Intelligent Technologies, a business of Cassava Technologies, has today confirmed the full repayment of its ZAR term loan and USD revolving credit facility.
In tandem with this repayment, Liquid has agreed US$410 million in new ZAR and USD credit facilities from a syndicate of commercial and development finance lenders.
Cassava Technologies is further reinforcing Liquid’s financial position by injecting US$195 million in fresh capital into the business.
Commenting on these developments, Hardy Pemhiwa, President and Group CEO stated: “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. Through our One Cassava ecosystem, we are delivering innovative AI, cloud, data centre, payments, and low-latency broadband connectivity solutions to enterprise customers across Africa.”
Africa Data Centre Holdings ADCH remains a wholly owned subsidiary of Cassava Technologies as the minority stake sale was in the ADCH South Africa business.
Looking ahead, Liquid intends to issue a new US$300 million bond to replace its existing US$620 million bond in advance of its maturity in September 2026. This move will reduce Liquid’s overall leverage and further strengthen the company’s balance sheet.
