"NEXTDC's pro forma contracted utilisation jumped 250 megawatts, a 60% increase in a single quarter, to reach 667MW, driven by hyperscale cloud providers and AI infrastructure customers."
"The equity component is structured as a 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer, priced at A$12.70 per share, an 8.6% discount to the theoretical ex-rights price of A$13.90."
"The A$2.2 billion total capital plan combines the A$1.5 billion equity offer with a A$700 million expansion of the company's hybrid securities programme."
NEXTDC is raising A$1.5 billion in a fully underwritten equity offering and expanding its hybrid securities programme by A$700 million. This capital plan aims to fund the accelerated development of the S4 Western Sydney campus, where contracted utilisation increased by 250 megawatts in a single quarter. The company's forward order book grew by 83% to 544MW, driven by demand from hyperscale cloud providers and AI infrastructure customers. The equity offering is structured as a 1-for-5.4 pro-rata entitlement offer priced at A$12.70 per share.
Read at TNW | Investors-Funding
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