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.
