NEXTDC raises funds for new Brisbane datacentre

NEXTDC raises funds for new Brisbane datacentre

Launches notes offer

NEXTDC raises funds for new Brisbane datacentre

NEXTDC raises funds for new Brisbane datacentre

Datacentre-as-a-service provider, NEXTDC (ASX:NXT), will be launching the marketing and pricing of a senior unstructured notes offering in the coming days. The company said, in a statement on the ASX, that the notes offer is expected to fund its new Brisbane datacentre and for other general corporate purposes.

The notes is not underwritten, though the company is targeting to raise a minimum of $70 million, with the option to take over-subscriptions.

According to the company, the announcement comes off the back of the strong take up of capacity at its B1 datacentre (90 per cent contracted utilisation) and ongoing customer demand.

The capital expenditure required to open the B2 datacentre is projected to be between $65 million and $75 million, which includes the acquisition of land, construction of base building as well as the initial 1MW of datacentre capacity.

However, the company noted that the decision to proceed with the development of B2 remains subject to raising sufficient and appropriately priced funds. Full terms and conditions of the offering will be available in the information memorandum that will be lodged with the ASX once the pricing terms have been finalised.

In addition, NEXTDC has also announced the finalists of its inaugural national partner awards.

The finalists in the 2015 NEXTDC Partner Awards are as follows:

Enterprise Partner of the Year – ASG, Blue Central, Optus, and Telstra

SMB Partner of the Year – APEXnetworks, Brennan IT, CloudPlus, Comvergence, and M2

New Partner of the Year – ASE IT, Atos, M2, Tech Mahindra, and Tesserent

As-a-Service Partner of the Year – Blue Central, Connectivity IT, PingCo, Real World, and Tech Mahindra

The winners of these awards as well as the finalists and winners of Carrier Partner of the Year will be announced at the NEXTDC partner awards event on December 2, at the Hilton hotel in Sydney.

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Tags expansionASXNextDCfund raising

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