Highlights

  • New senior debt facilities of A$2.3 billion agreed, up A$500 million on May's commitments
  • Total available senior debt facilities rise from A$6.4 billion to A$8.7 billion
  • Follows recent A$1.5bn entitlement offer, A$1.7bn hybrid offer and A$750m notes offer
  • Financial close expected mid-July 2026, backed by a syndicate of major global banks

NEXTDC Limited (ASX:NXT) has announced it has entered binding documentation for new senior debt facilities totalling A$2.3 billion, representing a A$500 million increase on the A$1.8 billion of commitments the company had flagged in early May 2026.

The data centre operator said the upsize reflects continued strong support from a broad syndicate of domestic and international lenders, following the record increase in contracted utilisation the company reported in April 2026. Once the new facilities reach financial close, NEXTDC's total available senior debt facilities will increase from A$6.4 billion to A$8.7 billion.

The new facilities build on a series of capital raising initiatives NEXTDC has completed this year, including a A$1.5 billion entitlement offer, a A$1.7 billion hybrid securities offer and a A$750 million wholesale notes offer, further diversifying the company's funding base across equity, hybrid and debt instruments.

The debt package comprises four new tranches: a A$700 million term facility and A$950 million revolving facility maturing in September 2031, and a A$450 million term facility with a A$200 million revolving facility maturing in September 2033. These sit alongside NEXTDC's existing suite of seven facilities, which range in maturity from December 2029 through to December 2032.

Margins on the new facilities are broadly consistent with those on NEXTDC's existing senior debt of similar tenor, and the new facilities will be governed by the company's existing Common Terms Deed Poll. Proceeds are earmarked primarily for capital expenditure tied to recent customer contract wins, ongoing data centre developments, and general corporate purposes.

Financial close, which remains subject to customary conditions precedent, is expected in mid-July 2026. The mandated lead arrangers and bookrunners on the transaction include ANZ, Commonwealth Bank of Australia, ING Bank, Mizuho Bank, MUFG Bank, National Australia Bank, HSBC and Westpac, with RBC Capital Markets advising NEXTDC on the transaction.

Conclusion

The upsized debt package underscores the scale of capital NEXTDC is committing to keep pace with surging demand for cloud and AI-related data centre infrastructure. With total senior debt facilities now at A$8.7 billion and financial close expected within weeks, the company continues to broaden its funding sources ahead of further capacity build-out.