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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.