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NEXTDC: Upgrades senior debt facility to $1.85B

  • Data giant NEXTDC (NXT) has boosted its senior debt facilities to $1.85 billion
  • Now, the tech stock has an extra $350 million leeway on top of its existing $1.5 billion facility
  • The fresh cash injection is earmarked for the third pillar of NXT’s facility — a multi-currency revolving credit line
  • Overall, the senior facility is slated for financial close early next month, after which NEXTDC estimates it’ll hold over $2 million in liquidity
  • Following the announcement, NXT shares jumped 1.17 percent
  • The five-billion-dollar stock is trading at $12.10 at the close of market
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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