NEXTDC Issues $1.43 Billion In Debt

NEXTDC Limited on Wednesday announced that it has entered into binding, underwritten commitment documentation for new senior debt facilities totalling $1.43 billion, with a maturity date of 3 December 2030.

Upon achieving Financial Close of the new loan, NEXTDC will have total available senior debt facilities of $3.32 billion. The new loan has been fully underwritten by a syndicate of leading banks, NEXTDC said in a bourse filing with AustraliaN Securities Exchange (ASX) this morning.

The Mandated Lead Arrangers, Underwriters and Bookrunners (MLAUBs) are Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, MUFG Bank, Ltd., National Australia Bank Limited, Royal Bank of Canada, and the Hongkong and Shanghai Banking Corporation Limited, Sydney Branch.

Financial close (which is subject to customary conditions precedents) is expected in August 2025. Proceeds from the New Facilities will primarily support capital expenditure requirements associated with recent customer contract wins and ongoing data centre developments.

Data Centers in Australia

As of March 2025, there are 314 data centers in Australia and they are mostly located in major cities like Sydney, Melbourne, and Brisbane, with a growing number in regional areas as well. The majority of these are colocation facilities, offering space and power to other businesses for their IT infrastructure.

According to ResearchAndMarkets.com, the Australia Data Center Market was valued at $6.81 billion in 2024, and is projected to reach $8.58 billion by 2030, rising at a CAGR of 3.93%.
Global cloud providers such as Microsoft, Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM Cloud, and Alibaba Cloud are establishing and expanding their operations in the Australia data center market.

AWS continues to grow its cloud footprint, capitalizing on the expanding digital economy of the country, while Microsoft has expanded its cloud operations in both Sydney and Melbourne, ResearchAndMarkets.com said.

NEXTDC Data Centers

NextDC, which operates a network of data centers across Australia, offering colocation and cloud connectivity services, has many operational data centers, with several more in planning or development. These facilities are designed with a focus on security, energy efficiency, and fault tolerance, and are interconnected with a wide range of cloud and digital service providers.

NextDC’s data centers are located at Sydney (7), Melbourne (4), Brisbane, Sunshine Coast and Perth (2 each), Canberra, Adelaide, Darwin, Newman, and Port Hedland (one each).