Mallesons has guided data centre operator NEXTDC on its AUD2.2 billion (USD1.5 billion) capital raise to support the development of data centre capacity.
The funding package consists of an AUD1.5 billion accelerated non-renounceable entitlement offer, which will be invested in the accelerated development of contracted utilisation at NEXTDC’s S4 Sydney data centre.
An additional AUD700 million increase in NEXTDC’s hybrid securities offering through a new delayed draw tranche will provide the company with additional capital flexibility. This builds on NEXTDC’s initial AUD1 billion (USD714 million) hybrid securities offer earlier this month, which Mallesons also advised on.
Andrew Maynes, partner in charge of the Sydney office, led the Mallesons team, while the equity capital market team was spearheaded by firm chair David Friedlander and partner Amanda Isouard.
NEXTDC’s capital raise comes after it reported an 83% increase in its pro forma forward order book since 31 December 2025.
