ASX:NXTIT
Should NEXTDC’s A$2.26B Capital Raise and A$6.6B Liquidity Shift Matter to (ASX:NXT) Investors?
NEXTDC Limited recently completed a large-scale capital raising, including an A$750 million subordinated floating rate wholesale notes issue and an approximately A$1.51 billion rights-based follow-on equity offering, as part of its previously announced A$2.20 billion capital plan.
These transactions lift NEXTDC’s pro forma liquidity to about A$6.60 billion and broaden its funding base as it pursues growth in Australia’s expanding data centre market.
We’ll now examine how this expanded A$6.60...