28 August 2017

The $300 million is now official

In a big vote of confidence in the future of the ICT industry and NEXTDC's role in it - Friday saw the Company achieve financial close on its previously announced, A$300 million 3-year Syndicated Senior Secured debt facilities.

Our CEO Craig Scroggie executed the documents (an entire board room table worth) alongside NAB's Chief Customer Officer, Mike Baird and David Brett, Head of NAB Queensland.

Read the ASX announcement here.

The new facilities replace the existing A$100 million undrawn senior secured debt facility provided by NAB.

These funds will be going towards building out our new and existing data centre facilities.

Our CEO Craig Scroggie said: “When combined with the recent A$300m Notes III raising, the New Facilities will result in NEXTDC having access to a total of A$600 million of debt funding, which is a further vote of confidence in the Company’s credit standing and outlook”.

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Craig Scroggie, our CEO of NEXTDC with Mike Baird, ex Premier of NSW, now Chief Customer Officer at NAB, David Brett, Head of Client Coverage QLD, Corporate and Institutional Banking, NAB.