NEXTDC Seeks A$1.1B in Convertible Notes to Fund Australian AI Data Center Expansion

Australian data center operator NEXTDC is turning to the convertible bond market to raise A$1.1 billion ($795.6 million), as the Brisbane-headquartered company accelerates spending on infrastructure designed to support artificial intelligence and cloud workloads across its home market. In a September 9 filing with the Australian Securities Exchange, NEXTDC said the proceeds would primarily fund its Australian data center development pipeline, with the remainder covering capped-call and transacti