NextDC A$1.5 Billion Capital Raise

Australia's NextDC plans to raise A$1.5 billion through an entitlement offer to accelerate the rollout of its S4 Sydney data centre. This capital raise is supported by an additional A$700 million commitment from Canada's La Caisse, following an initial A$1 billion pledge. The company aims to materially expand its contracted capacity and de-risk its Western Sydney developments. NextDC also increased its fiscal 2026 capital expenditure by A$300 million to between A$2.7 billion and A$3 billion, reflecting investments in faster inventory build-out and equipment procurement for its S4 facility. Citi analysts view the equity raise and upsized hybrid issuance positively, citing strong demand and NextDC's ability to secure large hyperscale contracts.