Nextdc Completes Over AU$1 Billion Convertible Notes Offering

MT Newswires Live
Sep 18

Nextdc (ASX:NXT) completed its AU$1.1 billion offering of subordinated convertible notes due 2031, with the transaction settling on Thursday, according to a Friday filing with the Australian bourse.

The notes bear annual interest of 1.75%, payable semiannually, and are convertible into ordinary shares of the company in accordance with their terms, per the filing.

The company also completed the related cash-settled capped call transactions, while the delta placement settled on Monday without the company issuing any shares or receiving proceeds, the filing said.

The notes have been approved for trading on the Vienna Multilateral Trading Facility from Friday and will not be listed on the Australian Securities Exchange, the filing added.

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