NextDC issues $2.2b in debt
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The news: Data centre operator NextDC is issuing an additional $2.2 billion in senior debt facilities to a syndicate of six multinational banks.
The numbers: The new facilities will reach financial close in August 2025 and will have a maturity date of 3 December 2030. When issued, NextDC will have total senior debt facilities of $5.1 billion.
The context: The six banks that have entered binding, underwritten commitment documentation for the new senior debt facilities are ANZ, Commonwealth Bank, MUFG Bank, NAB, Royal Bank of Canada and HSBC.
The funds will “primarily support capital expenditure requirements associated with recent customer contract wins and ongoing data centre developments”.
Earlier this month the data centre operator said its contracted utilisation has increased by 16 megawatts (MW) to 244MW between 6 May and 31 May, predominantly through its KL1 site in Malaysia.
The company has also committed $2 billion to build a data centre and research and development hub at Fishermans Bend in Melbourne.
The source: ASX
