NEXTDC advises that it has received credit approved terms from its relationship bank, National Australia Bank (“NAB”) in relation to a new $50 million senior secured debt facility that would replace the existing, undrawn $20 million facility.
NEXTDC has also appointed NAB as arranger and lead manager in relation to a new forthcoming senior unsecured notes offering to raise approximately $70 million (“Notes II”).
The Notes II offering is planned to be complementary to NEXTDC’s existing $60 million senior unsecured notes raised in June 2014 (“Notes I”).
Further details of the Notes II offering are expected to be announced in late July 2015.
Today being the last day of July, you would think we would get some more information regarding the notes offering.
NXT Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)