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NEXTDC Limited has secured AUD 1.8 billion (approximately USD 1.29 billion) in new senior debt facilities to fund capital expenditure linked to recent customer contract wins and ongoing data centre developments, the company said on May 5. The financing follows a recent AUD 1.5 billion entitlement offer and a further AUD 700 million commitment from Canadian investor La Caisse. Upon financial close, NEXTDC’s total available senior debt capacity is expected to rise to AUD 8.2 billion. The move comes amid a sharp increase in contracted utilisation, which reached 667 megawatts as of late March, reflecting growing demand for data centre infrastructure.
NEXTDC Limited announced on May 5 that it has secured AUD 1.8 billion in new senior debt facilities to support capital expenditure requirements arising from recent customer contract wins and its ongoing data centre development pipeline. The Australian data centre operator stated that the funding will be used to expand capacity in response to rising demand for digital infrastructure. Advertisement
The financing follows a broader capital raising exercise undertaken in the past month, including a AUD 1.5 billion entitlement offer and an additional AUD 700 million commitment from La Caisse, a Canadian institutional investor. These measures form part of the company’s strategy to strengthen its balance sheet and support long-term growth.
Upon financial close, NEXTDC’s total available senior debt facilities are expected to increase from AUD 6.4 billion to AUD 8.2 billion, providing enhanced funding flexibility for its expansion plans. The company added that a general syndication process for the new facilities will commence shortly, with financial close anticipated in July 2026.
The announcement comes alongside a significant increase in the company’s contracted utilisation levels. NEXTDC had indicated in mid-April that its pro forma contracted utilisation, representing the total power capacity committed by customers, rose by approximately 60 per cent to 667 megawatts as of March 31, compared to the end of December 2025. This increase reflects sustained demand from enterprise and hyperscale clients for data centre capacity.
The company also stated that its estimated pro forma liquidity position as of June 30, 2026, including cash reserves and undrawn debt facilities, is expected to reach approximately AUD 8.4 billion. This enhanced liquidity profile is intended to support both ongoing developments and future expansion opportunities.
The latest funding round highlights continued investor support for data centre operators amid growing demand for digital infrastructure, driven by cloud adoption, data storage requirements and emerging technology applications. For operators such as NEXTDC, access to large-scale capital remains critical to delivering capacity in line with customer commitments and maintaining operational readiness across multiple sites.
Source - Reuters
5th Jun, 2025
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