NEXTDC’s $300m Senior Debt Facility approved by NAB

Company News

by Mary Saliba

NEXTDC (ASX:NXT) has announced its $300 million debt facility has been granted on credit approved terms by the National Australia Bank over a period of three years.

The new facility will replace the Company’s existing $100 million undrawn senior secured debt facility.

The technology company plans to use the majority of the new debt to finance future growth capital expenditure for existing facilities and developments the Company is planning to proceed with.

NEXTDC says the new debt facility will give the Company access to a total of $600 million dollars of debt funding.

Shares in NEXTDC (ASX:NXT) last traded at 1.19 per cent lower to $4.14 on Friday.