NextDC opens $500m retail leg of entitlement offer
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The news: NextDC has opened the retail component of its $1.5 billion fully underwritten 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer.
The numbers: Eligible retail shareholders can subscribe for new shares at $12.70 each, matching the price and ratio applied to the institutional component, which has closed.
The retail entitlement offer is expected to raise approximately $500 million, following the institutional leg which raised approximately $1 billion.
The context: NextDC announced the fully underwritten entitlement offer on 20 April as part of a broader $2.2 billion capital plan that also included hybrid securities.
The retail tranche follows the institutional component on the same terms. NextDC priced $750 million in wholesale subordinated notes on 24 April, lifting pro forma liquidity at 30 June 2026 to $6.6 billion.
The source: ASX
