NEXTDC Seeks A$2.9 Billion Loan to Expand Data Centers in Asia.

Australian data-center operator, NEXTDC Ltd., is seeking a A$2.9 billion syndicated loan from banks to expand its operations in Asia. CEO Craig Scroggie stated that the demand for digital infrastructure to support cloud and AI technologies in the Asia-Pacific region is driving the need for expansion. The loan, along with a A$750 million capital raising, will provide NEXTDC with over A$3 billion to fund the rollout of nine sites across the region. This move comes amidst a flurry of recent deals in the data-center industry, including the purchase of Australia's AirTrunk by Blackstone Inc. and Canada Pension Plan Investment Board. The loan is being led by Commonwealth Bank of Australia, HSBC Holdings Plc, National Australia Bank Ltd., and Royal Bank of Canada. [Extracted from the article]