Data centre giant NEXTDC (ASX:NXT) has priced and allocated $750 million in wholesale subordinated notes.
The latest debt raise fortifies the company’s balance sheet, pushing its pro forma liquidity to a projected $6.6 billion by June 30.
The capital injection ensures the ASX-listed provider remains well-capitalised to meet the surging demand for sovereign cloud and AI-ready infrastructure across the Asia-Pacific region.
The wholesale offer consists of a single tranche of floating-rate notes with a four-year tenor.
The notes were priced at the three-month bank bill swap rate plus a margin of 350 basis points, reflecting robust institutional appetite despite a complex macroeconomic backdrop.
The transaction follows the $1 billion wholesale hybrid offer launched earlier this month, forming a core pillar of the broader $2.2 billion capital plan first flagged on April 20.
NextDC CEO and Managing Director, Craig Scroggie, hailed the transaction as a foundational step for the company’s future.
"This successful allocation of our inaugural wholesale notes offer represents another important step in executing NEXTDC’s capital plan and further strengthens the company’s long-term capital structure," Scroggie stated.
The deal was supported by a powerhouse syndicate of advisors, with Barrenjoey serving as the sole structuring adviser.
Commonwealth Bank, NAB, and Westpac acted as joint lead managers.