"The investment also offers meaningful long-term value," says Simon Garing, CEO of the manager, who had already invested €50 million into AiOnx last June.
Stoneweg Europe Stapled Trust has invested another €50 million in AiOnX, its sponsor’s private European data centre development platform, via a mandatory convertible loan carrying a coupon of 7.25% p.a with a tenure of seven years.
Upon maturity, the loan can be converted into AiOnX shares at discount up to a multiple on invested capital of 2.0x.
