NEXTDC Limited has announced the launch of a A$1.0 billion ($716.2 million) wholesale offer of subordinated hybrid securities to support the company’s growth strategy.
The hybrid securities offer is supported by a A$1.0 billion ($716.2 million) binding commitment from La Caisse, a global investment group based in Québec, Canada, reflecting its confidence in NEXTDC’s strategically located asset base, its development pipeline and its demonstrated delivery capabilities.
The hybrid securities will provide NEXTDC with flexible, long-term capital to support the company’s growth funding requirements and strategic initiatives, including the continued development of key data center assets and the advancement of future capacity expansions.
The hybrid securities will have a non-call period of five years and a maturity of 100 years. They are expected to be tax deductible and classified as debt for accounting purposes, and will sit outside the company’s senior debt
