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Infratil Says CDC Data Centres Secures 555-Megawatt Contract

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Infratil (ASX:IFT, NZE:IFT) said its CDC Data Centres business has signed a 30-year agreement with an unnamed US investment-grade client for 555 megawatts of capacity, according to Wednesday filings with the New Zealand bourse.

The capacity will be delivered across campuses coming online in fiscal 2028 to fiscal 2029, with options to extend the deal by up to 20 years, per the filing.

CDC expects its fiscal 2027 guidance to remain unchanged at AU$680 million to AU$720 million for earnings before interest, taxes, depreciation, amortization, and fair value changes (EBITDAF), with projected capital expenditure of AU$3.8 billion to AU$4.2 billion to support expansion, the filing said. It anticipates EBITDAF to exceed AU$1 billion by fiscal 2028 and reach around AU$2 billion annually at full deployment of the contract.

CDC plans to fund growth through existing cash, debt facilities, and hybrid financing without requiring additional equity beyond the recent AU$500 million shareholder contribution, the filing added.

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