Australia’s NEXTDC to raise $1.07 billion to accelerate Sydney data centre rollout

Australia’s NEXTDC launches A$2.2 billion capital plan

The ASX-listed data centre operator is raising A$1.5 billion in a fully underwritten equity offering and expanding its hybrid securities programme by A$700 million, with La Caisse de dépôt et placement du Québec now committed to a total of A$1.7 billion. The raise will fund accelerated development of the S4 Western Sydney campus, where contracted […] This story continues at The Next Web

Australia’s NEXTDC to raise $1.07 billion to accelerate Sydney data centre rollout

April 20 (Reuters) – Australia’s NEXTDC said on Monday it plans to raise A$1.5 billion ($1.07 billion) to accelerate the rollout of its S4 Sydney data ​centre and align with initial delivery timelines. The ‌entitlement offer gives existing shareholders the chance to acquire new shares at A$12.70 each, at a ratio of roughly one new share for every 5.4 shares they already own. Canada’s La Caisse ‌has ​committed an additional A$700 million, followi…

NextDC raising $1.5b to meet ‘unprecedented’ data centre spending plan

The data centre developer is tapping investors just weeks after announcing a 100-year bond. It will spend $300m more than previously flagged.

NextDC Unveils $1.6B Capital Plan as La Caisse Ups Commitment

NextDC has launched a A$2.2 billion ($1.6 billion) capital plan, combining a A$1.5 billion equity raise with an expanded hybrid securities offer backed by Canada’s La Caisse, as the Australian data centre operator moves to fund a surge in contracted... Read More>> The post Australia’s NextDC Unveils $1.6B Capital Plan as La Caisse Upsizes Commitment appeared first on Mingtiandi.

NextDC to raise $2.2B as AI demand drives record data centre growth

Data centre provider NextDC is looking to raise $2.2 billion after reporting a sharp increase in contracted and forward-looking data centre capacity, attributed to strong demand from hyperscale and AI customers.