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NextDC raises AUD 120 mln in share issue

Wednesday 16 December 2015 | 15:35 CET | News
Australia's NextDC said it has raised AUD 120 million to support its planned construction of two new data centres. The company raised AUD 30 million in a rights issue to existing retail shareholders and AUD 40 million from existing institutional shareholders. Another AUD 50 million came from selling shares to new and existing investors. NextDC announced in November plans to build two new data centres in Brisbane and Melbourne. Along with the share sales, the company raised AUD 100 million in a recent debt issue, had AUD 52.9 million in cash on hand and AUD 50 million in undrawn senior debt.

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Categories: Fixed
Companies: NextDC
Countries: Australia
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