Mallesons has advised NEXTDC Limited (ASX: NXT) on its A$1 billion hybrid securities offer. The hybrid securities are a rare 100-year subordinated debt instrument the proceeds of which will support the continued expansion of NEXT’s data centre platform.
The offer is supported by a A$1 billion binding commitment from Québec based global investment group La Caisse, underscoring strong investor support for NEXTDC’s strategy and development pipeline.
The transaction provides NEXTDC with flexible, long duration capital to fund the construction of new data centres and the expansion of existing capacity, supporting the continued scaling of its platform amid accelerating demand for digital infrastructure.
NEXTDC is Australia’s largest ASX-listed data centre operator, with 17 operational data centres across Australia and Asia and a further 12 facilities currently in development or planning.
The Mallesons team was led by Banking and Finance Partner Andrew Maynes, supported by Partners Phil Harvey and Yuen‑Yee Cho, Special Counsel Kat Tomasic and Solicitor Georgia Weeden. Tax aspects were led by Partner Scott Heezen, assisted by Solicitor Fiona Pyliotis. The M&A team was led by Partner David Friedlander and Amanda Isouard.
Commenting on the transaction Andrew Maynes said:
"This transaction reflects the growing sophistication of funding structures supporting digital infrastructure and the increasing convergence between infrastructure and technology investment. We are pleased to have supported NEXTDC on a transaction that positions the business to continue scaling its platform to meet sustained demand for data centre capacity."
