Digitalbridge Group Inc - DBRG STOCK NEWS

DigitalBridge Group (NYSE: DBRG) has reinstated its quarterly cash dividend at $0.01 per share, payable on October 17, 2022 to shareholders of record by September 30, 2022. CEO Marc Ganzi emphasized that this move reflects the company's strengthened cash flow profile and improved long-term earnings potential, while also enhancing total shareholder returns. DigitalBridge manages a substantial $48 billion portfolio of digital infrastructure assets, underscoring its commitment to growth alongside returning value to shareholders.

DigitalBridge Group, Inc. (NYSE: DBRG) has appointed Bernardo Vargas Gibsone as Managing Director, Head of Latin America. With over 30 years of experience in infrastructure investment, Vargas previously served as CEO of ISA Group, achieving significant growth and a fivefold increase in share price. His role will focus on expanding DigitalBridge’s investment management in Latin America and enhancing existing investments. CEO Marc Ganzi emphasized the importance of Vargas's leadership in executing the company's growth strategy in this key region.

DigitalBridge Group (NYSE: DBRG) will participate in key investor and industry conferences from September 9 to September 30. Notable appearances include Marc Ganzi speaking at the Goldman Sachs Communacopia & Technology Conference on September 13 at 3:45 pm PT, and the Deutsche Bank Leveraged Finance Conference on September 20 at 10:40 am MT. Other executives will conduct 1x1 meetings with investors. DigitalBridge, a leader in digital infrastructure management, oversees a $48 billion portfolio and has offices in multiple global cities.

DataBank has successfully closed its initial recapitalization, with a consortium led by Swiss Life and EDF Invest acquiring a 35% interest for approximately $1.5B. This consortium includes other investors like Northleaf Capital Partners and Ardian. The partnership positions DataBank for significant growth in edge infrastructure and is expected to enhance its operational capabilities across U.S. markets, leveraging its extensive data center presence.

DigitalBridge Group (NYSE: DBRG) has successfully closed the initial phase of its recapitalization of DataBank, raising approximately $1.5 billion from new investors, surpassing earlier estimates of $1.2 billion. This sale results in DigitalBridge's ownership stake in DataBank reducing to 13.4%, yielding $318 million in cash proceeds, up from the expected $230 million. The recapitalization asserts a pre-transaction net equity value of $905 million, reflecting a 2.0x multiple of invested capital since December 2019.

DigitalBridge Group (NYSE: DBRG) has successfully completed a 1-for-4 reverse stock split aimed at aligning its share count with industry peers and generating cost savings. Following the split, approximately 163.9 million shares of Class A common stock and 0.2 million shares of Class B common stock remain outstanding. Stockholders retain their proportional ownership and voting power, with trades on a split-adjusted basis commencing on August 23, 2022. This strategic move is part of the company’s broader efforts to streamline operations.

DigitalBridge Group (DBRG) announced its strategic roadmap aiming to double assets under management over the next three years. For Q2 2022, the company reported revenues of $289 million, a net loss of $37 million (or $0.06 per share), and distributable earnings of $7.6 million. The Board approved a 1-for-4 reverse share split, effective August 22, 2022, reducing outstanding common shares from 656 million to 164 million. Shareholders will receive information regarding their holdings and related cash payments. Preferred dividends were declared and will be paid on October 17, 2022.

DigitalBridge and Columbia Capital have launched Xenith Infrastructure Group (Xenith IG), a new fiber platform targeting the Asia-Pacific market. The platform will focus on providing fiber connectivity to hyperscalers and data center operators, starting with assets in Singapore and Hong Kong acquired from Superloop. Clement Goh has been appointed as CEO, bringing over 20 years of experience in the digital infrastructure sector. DigitalBridge, which manages a $47 billion portfolio, aims to leverage the growing demand for reliable fiber infrastructure in the region.

DigitalBridge Group (NYSE: DBRG) has announced its participation in two investor conferences. The first is the Cowen 8th Annual Communications Infrastructure Summit on August 8-9, 2022, where CEO Marc Ganzi will host a keynote and participate in a fireside chat with Zayo CEO Steve Smith. The second is the Deutsche Bank Technology Conference on August 31-September 1, 2022, featuring 1x1 meetings conducted by Severin White, Head of Public Investor Relations. Presentations will be available via webcast on the company's website.