Askume, Sept 12 – Australia’s NEXTDC (NXT.AX) said on Thursday it has launched a A$2.9 billion ($1.94 billion) syndicated loan to facilitate further expansion and acquisition of data centres in the Asia-Pacific region.
The data centre operator’s ambitions coincide with a rapid pace of deals as countries and companies seek greater data capacity to harness artificial intelligence (AI).
NEXTDC’s debt syndicated financing follows another capital raising of A$750 million announced on Tuesday, consisting of a A$200 million capped share purchase program and a A$550 million placement, which has now been completed.
Chief executive and managing director Craig Scroggy said: “The new five-year and seven-year loans offer optimal pricing, better terms and longer tenures… with the support of our banks and the bond markets we are executing on our ambitious growth agenda.
The company currently has nine data center sites under active development, including in Malaysia, Japan, Thailand, and New Zealand.
(USD 1 = AUD 1.4981)
