Australian data center operator NEXTDC announced Friday that it has secured new senior debt facilities worth A$2.3 billion — approximately $1.60 billion in U.S. currency — to help cover the costs of new customer contracts and continued development of its data center facilities.
The newly signed facilities represent an increase of A$500 million over the A$1.8 billion in commitments the company had previously disclosed in May.
NEXTDC described the expanded financing as a reflection of broad financial backing. “The upsize reflects continued strong support from a broad syndicate of domestic and international banks,” the company stated.
Once the deal reaches financial close, NEXTDC’s total available senior debt facilities are expected to grow from A$6.4 billion to A$8.7 billion.
Earlier this year, in April, NEXTDC reported that its pro-forma contracted utilization — meaning the total power capacity formally committed to by customers — surged by roughly 60% to 667 megawatts as of March 31, compared to figures from the end of December.
The company said it expects financial close on the new facilities to take place in mid-July.
