NEXTDC moves forward with $1.94 billion expansion plan
Infrastructure development for NEXTDC throughout the Asia-Pacific region.
Australia’s NEXTDC has announced a significant debt syndication of A$2.9 billion ($1.94 billion) to facilitate its expansion and acquisition of data centres throughout the Asia-Pacific region. This financial move aligns with the increasing global demand for greater data capacity, mainly due to the surge in AI applications.
The debt syndication follows NEXTDC’s recent capital-raising efforts, which included raising A$750 million through a share purchase plan and a placement. These new 5- and 7-year debt facilities are designed to offer better terms and optimal pricing as the company continues its ambitious growth strategy.
NEXTDC is currently developing nine data centre sites in key markets such as Malaysia, Japan, Thailand, and New Zealand, reflecting its commitment to expanding its infrastructure in response to the rapid growth of data consumption.
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