NEXTDC adds $1.4Bn credit, accelerates Asia expansion
QUEENSLAND, AUSTRALIA — Australian data-center specialist NEXTDC Limited has secured new senior debt facilities worth A$2.2 billion (US$1.43 billion), fully underwritten by a syndicate led by ANZ, Commonwealth Bank, MUFG, NAB, RBC and HSBC.
The seven-year loans, due 3 December 2030, will push NEXTDC’s total available credit to A$5.1 billion (US$3.32 billion) and “primarily support capital expenditure requirements associated with recent customer contract wins and ongoing data-[center] developments,” the company said.
When the deal reaches financial close in August 2025, the Brisbane-based operator will have more than tripled its firepower since 2023, matching the surge in power-hungry AI workloads across the region.
Hyperscale win anchors Asia push
The fresh liquidity coincides with 16 MW of new customer signings, including a single 10 MW hyperscale contract for KL1, NEXTDC’s first Malaysian facility. “Securing our first 10 MW hyperscale customer ahead of launch in Kuala Lumpur is a strong endorsement of our execution capacity and validates KL1’s role as AI-native digital infrastructure,” CEO Craig Scroggie said.
The 65 MW Kuala Lumpur campus, due online early 2026, forms the backbone of a broader Asian build-out spanning Tokyo, Bangkok, Singapore, and Johor. At home, the firm now operates 16 Tier III/IV data centers in every Australian state capital, plus regional edge sites.
Services, footprint, and financials of NextDC
Founded in 2010, NEXTDC delivers carrier-neutral colocation, private suites, cloud on-ramps, and inter-site connectivity via its AXON exchange, targeting enterprises, hyperscalers, and government workloads. The company booked FY24 revenue of A$404.3 million (US$263 million), up 12 percent year-on-year, and manages a contracted utilization pipeline of 244 MW.
