NEXTDC Ltd Attaining new debt funds
Attaining new debt funds: NEXTDC Ltd (ASX: NXT) has updated that the Asia Pacific Data Centre Group (ASX: AJD) has unanimously recommended to go with NEXTDC’s unconditional all-cash offer of $1.87 per security in the absence of a superior proposal. The offer represents 19.5% premium to the $1.57 closing price of AJD securities on 1 May 2017. Meanwhile, 360 Capital Group (ASX: TGP) also updated about the proposal it made to AJD securityholders to purchase all of the securities it did not own for $1.80 subject to certain conditions, including due diligence which is under process. TGP is now expected to inform the market soon. On the other hand, NXT has attained financial close on its A$300 million 3-year Syndicated Senior Secured debt facilities. These will replace the existing A$100 million undrawn senior secured debt facility. NXT will use the majority of the new debt funds for future growth capital expenditure and developments.
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