NEXTDC LANDS TWO NEW DEALS

Written on the 30 June 2015

NEXTDC LANDS TWO NEW DEALS

NEXTDC Limited (ASX:NXT) has strengthened its grasp on a profitable bottom line this financial year, with two company wins.

The Brisbane-based data provider has secured a $50 million debt facility with NAB, to replace an existing undrawn $20 million facility.

The company has also expanded a contract with a major client, boosting data capacity at its Sydney and Melbourne centres.

The leading corporation, which remains confidential, will utilise 4 megawatts of capacity a year over five years, with a five year option.

The deal lifts NEXTDC's pro-forma contracted utilisation by 28 per cent to 18.3MW, representing close to half of the company's national capacity.

NEXTDC CEO Craig Scroggie says the contract extension is a testament to the company's growing international reputation.

"This is a very exciting material piece of business for the company and demonstrates the organisation's world-class operations and engineering excellence," Scroggie says.

"The quality of our award-winning data centres, their exceptional connectivity, and the depth and breadth of our ecosystem continues to enable organisations' adoption of hybrid cloud computing strategies."

NEXTDC has also appointed NAB as lead manager for its senior unsecured notes offering to raise $70 million.

The company will release details about the offer in late July.


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