NextDC receives $1.8b in new senior debt facilities from banking syndicate

The news: Data centre operator NextDC has received credit approved commitment letters from a syndicate of banks for $1.8 billion in new senior debt facilities.

The numbers: The new commitments will take the company’s total available senior debt facilities from $6.4 billion to $8.2 billion.

It will also take NextDC’s estimated pro forma liquidity to $8.4 billion.

The context: Proceeds from the new facilities will primarily support capital expenditure requirements associated with recent customer contract wins, ongoing data centre developments, and general corporate purposes.

Financial close of the new facilities is expected to occur in July.

The mandated lead arrangers and bookrunners are ANZ, CBA, ING, Mizuho Bank, MUFG Bank, NAB, HSBC and Westpac. RBC Capital Markets is acting as financial adviser to NextDC in relation to the new facilities.