NEXTDC (ASX:NXT) has expanded a customer deal and has also landed a $50 million senior secured debt facility from its existing bank, NAB.
It will replace the existing, undrawn $20 million facility. In the process, NEXTDC has also appointed NAB as its arranger and lead manager in new forthcoming senior unsecured notes offering in an effort to raise about $70 million.
This comes on the back of a five-year customer extension for the datacentre services provider. Due to confidentiality arrangements, the name of the customer or financial details haven't been revealed. The deal also comes with an additional five-year expansion option.
The initial customer contract was signed in June 2103. Under the new deal, the customer added another four Mega Watts (MW) of additional capacity, which includes 2MW at S1 in Sydney and 2MW at M1 in Melbourne.
NEXTDC’s Project Plus capacity at M1 and S1 will also come into play. Project Plus was an engineering project announced in August that expanded NEXTDC’s overall IT capacity from 3MW to 15MW at M1, and 2.5MW to 14MW at S1 without requiring additional land, building or fit out of more data halls.