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Liquid Intelligent Technologies announces debt repayment, new credit facilities

26th February 2026

By: Creamer Media Reporter

     

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Cassava Technologies business Liquid Intelligent Technologies on Thursday announced the full repayment of its rand-based term loan and dollar-based revolving credit facility.

In tandem with this repayment, Liquid has agreed $410-million in new rand and dollar credit facilities from a syndicate of commercial and development finance lenders.

Cassava Technologies is further reinforcing Liquid’s financial position by injecting $195-million in fresh capital into the business.

“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,” said Cassava Technologies president and group CEO Hardy Pemhiwa.

“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 $300-million bond to replace its existing $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.

Edited by Creamer Media Reporter

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