ASX-listed data centre operator NextDC has secured a $300 million debt facility from National Australia Bank as it prepares for future growth and for further developments in its business.
The company says it plans to use a majority of the new debt to finance future growth capital expenditure for existing facilities and developments it is planning to proceed with.
Securing of the new debt facility comes as NextDC continues with its takeover offer for the Asia Pacific Data Centre Group.
As reported by iTWire, NextDC announced an unconditional all-cash off-market offer in July to acquire all of APDC’s securities for $1.87 apiece, and with about 115 million shares outstanding, this means that it would pay about $215 million for the balance of APDC.
{loadposition peter}NextDC (ASX:NXT)says the three-year syndicated senior secured debt facilities, subject to financial close — expected to occur by the end of August — replaces the company’s existing $100 million undrawn senior secured debt facility provided by NAB.
“When combined with the recent A$300m Notes III raising, the new facilities will result in NextDC having access to a total of A$600 million of debt funding, which is a further vote of confidence in the company’s credit standing and outlook,” says NextDC chief executive Craig Scroggie.