Australian data centre operator NEXTDC to raise $795 mln for AI infrastructure

Australia’s NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure.

Here ‌are some ⁠details:

* ⁠The notes will mature on September 17, 2031, ​and carry a holder put option in September 2029. ​The initial conversion price will be set at a 32.5%-37.5% premium to the reference share price.