Australia: Clayton Utz advises NEXTDC on $41.39 million placement
Last Updated: 12 May 2012

Brisbane, 10 May 2012: 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, and a Share Purchase Plan offer to existing shareholders which closes on 16 May 2012.

Clayton Utz Brisbane Corporate partner Tony Lalor led the transaction for NEXTDC, with support from Corporate partner Tim Reid and solicitor John Whitehill.

The non-underwritten Share Purchase Plan is aiming to raise a further $10 million from existing shareholders of NEXTDC.

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 of NEXTDC's data centres and associated costs, additional working capital and other strategic opportunities.

Clayton Utz 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.

Corporate partner Tim Reid said the firm was proud to have established a long-term relationship with NEXTDC. "It is satisfying to be a part of a client's growth story, and support it in achieving its commercial objectives. We are pleased to have worked alongside NEXTDC on this latest capital raising."

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