Macquarie Technology gets $200m funding from NRFC to boost sovereign cybersecurity
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The news: Macquarie Technology secured a $200 million hybrid investment from the Australian Government’s sovereign investor National Reconstruction Fund Corporation (NRFC).
The context: The NRFC was established by the Australian Government to support investment in businesses advancing technological innovation across digital infrastructure, defence and national security.
The investment will be made through hybrid securities (perpetual, callable, subordinated, unsecured and non-convertible securities) issued in two series, each worth $100 million. The first series will be issued before or on 1 June 2026, and the second will take place before or on 1 March 2027.
Macquarie Tech said the proceeds will be used to accelerate the development of sovereign digital infrastructure and cybersecurity through its Cloud Services and Government (CS&G) division and will be utilised by the Australian Department of Defence and domestic businesses.
What they said: “The NRFC has the ability to provide flexible capital and invest across the capital stack. This investment is structured as a highly innovative, first of a kind arrangement for an unrated company which is unique in local capital markets”, NRFC CIO Mary Manning said.
“Our investment provides Macquarie Technology with the financing it needs now to scale up its sovereign cloud and cybersecurity businesses, while helping to position the company as an attractive partner for private capital investment in the future,” she added.
The source: ASX
