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Herbert Smith Freehills is proud to have advised NEXTDC Limited on its 1 for 6 pro-rata accelerated non-renounceable entitlement offer to raise ~$1.32 billion.

The funds raised under the offer will be used to accelerate the development and fit out of NEXTDC’s leading digital infrastructure platform in its core Sydney and Melbourne markets, in order to meet unprecedented growth in customer demand and position itself to take advantage of ongoing market expansion over the medium term.

The Herbert Smith Freehills team was led by partner Philippa Stone and supported by executive counsel Cecilia Mehl, senior associate Henry Simpson and solicitor David Tilley.

Philippa Stone said, “Herbert Smith Freehills is delighted to have again advised NEXTDC on this important transaction.”

The offer is being underwritten by Royal Bank of Canada (trading as RBC Capital Markets) and Morgan Stanley Australia Securities Limited who are being advised by Allen & Overy.

Key contacts

Philippa Stone photo

Philippa Stone

Partner, Sydney

Philippa Stone

Media contact

For further information on this news article, please contact:

Emily Coultas

External Communications Manager


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