NEXTDC has announced today that is undertaking a fully underwritten Capital Raising to raise approximately $150m. It consists of an institutional placement to raise approximately $50m at $4.06 per share, and a 1 for 9.1 accelerated non-renounceable pro rata entitlement offer to raise approximately $100m at $3.74 per share.
The funds will be used with current cash reserves and an undrawn secured debt facility to complete investments in a new data centre facility in Sydney, and previously announced facilities in Brisbane and Melbourne. Proceeds will be used to fund the acquisition of land and construction of new data centres, as well as meet ongoing customer demands.
The institutional placement is expected to occur on 6th September, and the retail entitlement offer will close 26th September 2016.
Citigroup Global Markets Australia Pty Ltd is the Sole Lead Manager and
