Australian data center operator Nextdc said it had signed A$2.3 billion (US$1.59 billion) in new senior debt facilities to fund capital spending tied to recent customer contract wins and ongoing data center developments.

The financing is expected to close in mid-July and would raise Nextdc’s total available senior debt facilities to A$8.7 billion (US$6.03 billion) from A$6.4 billion (US$4.44 billion).

The package is A$500 million (US$346 million) larger than the A$1.8 billion (US$1.25 billion) in commitments announced in May.

Nextdc said the increase reflected continued support from a broad syndicate of domestic and international banks.

Nextdc said in April that its pro forma contracted utilization, rose about 60% to 667 megawatts as of March 31 from the end of December. The company linked that increase to recent customer contract wins, including a record 250 MW customer commitment at its S4 Sydney facility.

🔗 Source: Reuters