NEXTDC, Australia's largest independent data centre operator, has launched a A$2.2 billion capital plan comprising a A$1.5 billion fully underwritten equity entitlement offer and a A$700 million expansion of its hybrid securities programme. The raise is driven by a 60% jump in contracted utilisation (250MW) in a single quarter, reaching 667MW, fuelled by hyperscale cloud and AI infrastructure customers. La Caisse de dépôt et placement du Québec has expanded its commitment to A$1.7 billion total. Proceeds will primarily fund accelerated development of the S4 Western Sydney campus, with ~A$1.5 billion to be invested through FY2027. NEXTDC raised its FY26 capex guidance to A$2.7–3.0 billion and forecasts FY27 capex of ~A$5.0 billion, with pro forma liquidity of approximately A$5.9 billion post-raise.
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