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.