Friday 28 April 2017 by FIIG Research Trade opportunities

NextDC $200m notes III offer

NEXTDC Ltd is seeking a potential new $200m wholesale, senior unsecured, fixed rate debt offering.

NEXTDC states it will use the proceeds of Notes III to redeem Notes I ($60m) and Notes II ($100m) at the next optional redemption date of 16 June 2017 with excess net proceeds to be used for general business and financing purposes. 

The company will also look to offer existing noteholders the option to exchange Notes I or Notes II for new Note III securities, alongside new investors.

There are no further details at this stage.

The press release can be found on the NEXTDC website.