NEXTDC, the largest listed developer and operator of data centers in Australia, is seeking a A$2.9 billion ($1.96 billion) syndicated loan from banks to bolster its data center operations in Asia.
The NEXTDC loan is being led by Commonwealth Bank of Australia, HSBC Holdings, National Australia Bank and Royal Bank of Canada, according to The Edge Malaysia.
The syndicated loan, together with a A$750 million ($507 million) capital raising announced Sept. 10, will provide the firm with more than A$3 billion ($2 billion) to fund a rollout of nine data center sites in Asia, including Malaysia, Japan, New Zealand and Thailand, CEO Craig Scroggie confirmed in an email to Bloomberg.
Reuters reports the capital raise will be carried out through a placement of A$550 million ($372 million) and a share-purchase plan capped at A$200 million ($135 million).
“NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digit
