NEXTDC today announces an underwritten placement to institutions and sophisticated investors to raise approximately $50 million and a non-underwritten Share Purchase Plan estimated to raise approximately $10 million. NEXTDC is seeking additional financial flexibility to accelerate capital expenditure on existing facilities to meet strong customer demand. Macquarie Capital (Australia) Limited and RBS Morgans Corporate Limited are acting as Joint Lead Managers and Underwriters to the offer. After financial year end, the Company secured a three year $30 million corporate debt facility with ANZ Bank subject to customary conditions precedent to the first drawing. In July, the Company sold securities held in Asia Pacific Data Centre Group, APDC (ASX: AJD) and received proceeds of $28.1 million after transaction costs.
NXT Price at posting:
$2.70 Sentiment: Buy Disclosure: Held
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