NEXTDC appoints NAB to evaluate raising $200m in notes

Company News

by Jessica Amir

NEXTDC Limited (ASX:NXT) has appointed the National Australia Bank (ASX:NAB) as its arranger and lead manager to evaluate a potential $200 million note offering.

The technology company appointed its relationship bank to assess the potential offering of wholesale, senior, unsecured, fixed rate debt offering notes, which it will call Notes III.

NEXTDC says its plans to use proceeds from Notes III to redeem Notes I ($60 million) and Notes II ($100 million) at the next redemption date which is 16 June 2017.

The excess net proceeds will go towards general business and financing.

Shares in NEXTDC Limited (ASX:NXT) are 0.24% higher at $4.21.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.