Australia's NEXTDC signs $1.6 billion senior debt facilities to fund expansion

NEXTDC

10/07/2026 24:36

    July 10 (Reuters) - Australian data center operator NEXTDC NXT.AX said on Friday it had signed new senior debt facilities of A$2.3 billion ($1.60 billion) to support capital expenditure required for recent customer contract wins and ongoing data center developments.
The new facilities mark an A$500 million increase to the A$1.8 billion of commitments announced in May.
"The upsize reflects continued strong support from a broad syndicate of domestic and international banks," the company said.
Upon financial close, NEXTDC's total available senior debt facilities will increase from A$6.4 billion to A$8.7 billion.
NEXTDC said in April that its pro-forma contracted utilisation - the total power capacity formally signed up by customers - jumped by roughly 60% to 667 megawatts as of March 31, compared with end-December.
The financial close of the new facilities is expected to occur in mid-July, NEXTDC added.

($1 = 1.4409 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Maju Samuel)
 ((Sneha.Kumar@thomsonreuters.com;))