• NEXTDC completes A$1.7 billion wholesale offering of subordinated hybrid securities
• Hybrid securities are deeply subordinated, tax-deductible, and sit outside senior debt covenants
• Settlement of initial A$1.0 billion series expected on 15 May 2026, with A$0.7 billion delayed draw series issuable over 12 months

NEXTDC Limited (ASX: NXT) has announced the completion of a A$1.7 billion wholesale offering of subordinated hybrid securities ('Hybrid Securities Offer'). The offering comprised an initial A$1.0 billion series announced on 7 April 2026 ('Initial Series') and a A$0.7 billion delayed draw series announced on 20 April 2026 ('Delayed Draw Series'). The Hybrid Securities are deeply subordinated instruments, ranking junior to all existing and future debt obligations of the Group and senior only to the Company's ordinary shares and any other equity securities. They are expected to be tax deductible and classified as debt for accounting purposes, sitting outside the Company's senior debt covenants. There are no equity conversion features associated with the Hybrid Securities. Settlement and issue of the Initial Series is expected to occur on 15 May 2026, while the Delayed Draw Series can be issued within the 12-month period starting 6 May 2026, subject to customary conditions precedent. The announcements of both the Initial Series and the Delayed Draw Series were accompanied by a binding commitment from La Caisse, a global investment group based in Québec, Canada, to subscribe for A$1.0 billion and A$0.7 billion, respectively. Upon Financial Close of the A$1.8 billion of new senior debt facilities announced on 5 May 2026, NEXTDC's estimated pro forma 30 June 2026 liquidity (cash and undrawn facilities) increases to approximately A$8.4 billion.