The owner of Australia’s Macquarie Data Centres has secured additional financing to fund further development.
Macquarie Technology Group Limited this week announced the successful signing of a debt refinancing to support its data center expansion.
Under the new syndicated facility agreement, the Group has access to a five-year AU$450m (US$300.6m) secured revolving loan facility, representing an increase of AU$260m to the previous facility.
Macquarie said that the facility, in combination with cash and cash equivalents of AU$118m, it has sufficient liquidity to complete the build of IC3 Super West Phase 1 with excess capacity to fund future growth.
Macquarie Technology Group co-founder and CEO, David Tudehope, said: “Following the acquisition of the Macquarie Park Data Centre Campus and the commencement of the IC3 Super West construction, we have marked another milestone with this successful debt refinance process. The new facility will provide the capacity and flexibility to enable us to further invest and expand our data center business."
He continued: “We have been delighted by the outstanding interest received from domestic and international financial institutions in this process and are looking forward to building strong relationships with the new group of lenders.”
RBC Capital Markets acted as financial advisor and DLA Piper as legal adviser to the Group in relation to the refinancing.
Macquarie DC owns and operates two campuses in Sydney; one in the city’s central business business (IC1); and the Macquarie Park Data Center Campus, which is currently home to IC2 and IC3. The company also has two bunker data centers in Canberra.
