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NEXTDC Prices AU$750 Million Subordinated Notes

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NEXTDC (ASX:NXT) has successfully priced and allocated AU$750 million of 4-year floating rate subordinated notes in the Australian wholesale debt market, with the margin set at three-month bank bill swap rate plus 350 basis points, according to a Friday filing with the Australian bourse.

The issuance is part of the company's broader capital plan, alongside its entitlement offer and AU$1.7 billion hybrid securities deal, supporting record contracted utilization and its AU$2.2 billion expansion strategy, per the filing.

Settlement and issuance are scheduled for April 30, subject to standard conditions, the filing added.

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