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Clutz advises on NEXTDC step

Clutz advises on NEXTDC step

Clayton Utz has advised ASX-listed company and data centre services provider NEXTDC on the successful completion of a fully-underwritten placement of $41.39 million, announced to the market on 20 April._x000D_

Firms: Clayton Utz (NEXTDC) Greenwich Legal (joint lead managers)

Deal: Placement and Share Purchase Plan (SPP)

Area: Corporate

Value: $41.39 million

Key players: Clayton Utz’s Brisbane Corporate partner Tony Lalor led the transaction for NEXTDC, with support from corporate partner Tim Reid and solicitor John Whitehill.

Deal significance: The non-underwritten SPP is aiming to raise a further $10 million from existing shareholders of NEXTDC. A SPP offer to existing shareholders will close on 16 May.  NEXTDC is delivering next generation data centres across the country, with locations in Brisbane, Melbourne, Canberra, Perth and Sydney. The capital raised will be used to fund the acceleration of the fit-out in various NEXTDC data centres and associated costs, additional working capital and other strategic opportunities. Clutz has acted for NEXTDC from inception, including in its successful IPO and ASX listing in 2010 and further capital-raising rounds in April and August 2011.

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