Herbert Smith Freehills advises NEXTDC on its A$618 million entitlement offer

Herbert Smith Freehills is proud to have advised NEXTDC Limited on its 1 for 8 pro-rata accelerated non-renounceable entitlement offer to raise approximately A$618 million. 

The funds raised under the offer will be used by NEXTDC in connection with two new data centre developments, as part of NEXTDC’s regional expansion strategy, on recently acquired commercial property sites in Kuala Lumpur in Malaysia, and Auckland in New Zealand, together with the accelerated fit-out of NEXTDC’s S3 site.

The Herbert Smith Freehills team was led by partner Philippa Stone and supported by senior associate Jennie Bian and solicitor David Tilley.

Philippa Stone said, “Herbert Smith Freehills is delighted to have again advised NEXTDC on another important transaction.”

The offer is being underwritten by UBS Securities Australia Limited and Macquarie Capital (Australia) Limited which are being advised by Baker McKenzie.