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NEXTDC Enters Binding Documentation for AU$2.3 Billion in Senior Debt Facilities

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NEXTDC (ASX:NXT) entered into binding documentation for new senior debt facilities of AU$2.3 billion, an increase of AU$500 million on the earlier AU$1.8 billion of commitments, according to a Friday Australian bourse filing.

Upon financial close of the new senior debt facilities, NEXTDC's total available senior debt facilities will increase to AU$8.7 billion from AU$6.4 billion. Margins on the new facilities are broadly consistent with margins on its existing senior debt facilities of similar tenor.

Proceeds from the new facilities will be used for capital expenditure requirements associated with recent customer contract wins, ongoing data center developments, and for general corporate purposes.

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