NEXTDC Limited entered into a new AU$400 million senior debt facility

NEXTDC Limited (ASX: NXT) announced that it had entered into a Syndicated Facility Agreement related to a new AU$400 million senior debt facility to finance the continuing incremental growth. After entering into this new debt facility, NEXTDC would have liquidity of approximately AU$2.0 billion, including undrawn facilities of AU$1.5 billion as of 31 December 2022.

The further debt capacity is anticipated to give the company extra headroom to finance its medium to longer-term growth ambitions. The company has also stated that it has received lender consent under its existing AU$2.5 billion senior debt facilities to favorably modify its earlier package of financial covenants and terms to accommodate its growth ambitions in the Asia Pacific.

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