A$1.0 billion Hybrid Securities Offer & La Caisse Commitment
| Stock | NEXTDC Ltd (NXT.ASX) |
|---|---|
| Release Time | 7 Apr 2026, 8:27 a.m. |
| Price Sensitive | Yes |
NEXTDC Announces A$1.0 billion Hybrid Securities Offer and La Caisse Commitment
- NEXTDC launches A$1.0 billion wholesale offer of subordinated hybrid securities
- Supported by A$1.0 billion binding commitment from La Caisse, a global investment group
- Hybrid securities to provide flexible, long-term capital to support NEXTDC's growth strategy
NEXTDC Limited (ASX: NXT) has announced the launch of a A$1.0 billion wholesale offer of subordinated hybrid securities (Hybrid Securities) to support the Company's growth strategy. The Hybrid Securities Offer is supported by a A$1.0 billion binding commitment from La Caisse, a global investment group based in Québec, Canada, reflecting its confidence in NEXTDC's strategically located asset base, its development pipeline and its demonstrated delivery capabilities. The Hybrid Securities will provide NEXTDC with flexible, long-term capital to support the Company's growth funding requirements and strategic initiatives, including the continued development of key data centre assets and the advancement of future capacity expansions. The Hybrid Securities will have a non-call period of five years and a maturity of 100 years. They are expected to be tax deductible and classified as debt for accounting purposes, and will sit outside the Company's senior debt covenants. This funding is expected to enhance the Company's financial flexibility, including through a lower cash coupon during the first five years, small coupon step-ups until year 10 and the ability to defer coupons at the Company's election. In addition to the Hybrid Securities Offer, NEXTDC's intention remains to pursue a subordinated notes issue in the A$ wholesale debt market (Wholesale Notes) to further strengthen its long-term capital position and diversify its pool of funding.
The announcement of the Hybrid Securities Offer and the La Caisse commitment represent another step toward NEXTDC delivering on a material step-change in the scale of its business as it delivers on the Company's contracted forward order book across the period to FY29 and makes further investments across the portfolio of new projects.