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NextDC secures new debt facilities of $2.3B
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NextDC secures new debt facilities of $2.3B

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  • NextDC has executed binding documentation for new senior debt facilities totalling $2.3 billion.
  • The transaction increases the company's total available senior debt facilities to $8.7 billion upon financial close.
  • The company stated that the proceeds will support capital expenditure requirements for recent customer contract wins and ongoing data centre developments.

Data centre operator NextDC (ASX:NXT) has secured new senior debt facilities totalling $2.3 billion to support its growth.

This transaction represents an increase of $1.8 billion in commitments announced on May 5.

The company stated that the upsize follows a record increase in contracted utilisation announced on April 20.

Upon the financial close of these facilities, the total available senior debt for the business will rise to $8.7 billion.

Following the announcement, the NEXTDC share price was down at $13.99.

The organisation indicated that the new tranches mature between September 2031 and September 2033 under existing common terms.

This funding builds on prior initiatives, including a $1.7 billion hybrid securities offer.

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