May 5 (Reuters) – Australian data center operator NEXTDC (NXT.AX) said on Tuesday it has secured A$1.8 billion ($1.29 billion) in new senior debt facilities to support capital expenditure required for recent customer contract wins and ongoing data center developments. The move follows a sweeping A$1.5 billion entitlement offer and an additional commitment of A$700 […]
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Australia’s NEXTDC secures $1.3 billion senior debt to fund data center expansion
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May 5 (Reuters) – Australian data center operator NEXTDC (NXT.AX) said on Tuesday it has secured A$1.8 billion ($1.29 billion) in new senior debt facilities to support capital expenditure required for recent customer contract wins and ongoing data center developments.
The move follows a sweeping A$1.5 billion entitlement offer and an additional commitment of A$700 million by Canada’s La Caisse last month.
• Upon financial close, NEXTDC’s total available senior debt facilities will increase from A$6.4 billion to A$8.2 billion.
• NEXTDC said in mid-April that its pro forma contracted utilisation, the total power capacity formally signed up by customers, jumped by roughly 60% to 667 megawatts (MW) as of March 31, compared with end-December 2025.
• The company’s estimated pro forma 30 June 2026 liquidity, including cash and undrawn facilities, will increase to approximately A$8.4 billion.
• A general syndication of the new facilities will commence shortly, with financial close expected in July 2026.
($1 = 1.3953 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Tasim Zahid)