Mallesons and Allens advised on NEXTDC’s A$1 billion hybrid securities issuance backed by La Caisse.

NEXTDC Limited (ASX: NXT), Australia’s largest listed data centre operator, has undertaken an A$1 billion hybrid securities issuance, supported by a binding commitment from Québec-based global investment group La Caisse.

The hybrid securities, structured as a rare 100-year subordinated debt instrument, will provide flexible, long-term capital to support NEXTDC’s expanding data centre platform across Australia and Asia. The transaction responds to increasing demand for digital infrastructure driven by artificial intelligence and cloud adoption.

NEXTDC currently operates 17 data centres across Australia and Asia, with a further pipeline of facilities under development and planning. The transaction underscores strong institutional investor appetite for long-duration, infrastructure-style investments in the digital infrastructure sector.

Mallesons advised NEXTDC Limited on the hybrid securities issuance.

The team was led by Banking and Finance Partner Andrew Maynes, supported by Partners Phil Harvey and Yuen‑Yee Cho, Special Counsel Kat Tomasic and Solicitor Georgia Weeden. Tax aspects were led by Partner Scott Heezen, assisted by Solicitor Fiona Pyliotis. The M&A team was led by Partner David Friedlander and Amanda Isouard.

Allens advised La Caisse on its commitment to the hybrid securities.

The finance, banking & debt capital markets team included lead Partner James Darcy and Senior Associate Dean Rose.

The technology, media & telecommunications and corporate team included Partners Gavin Smith, and Tom Story and Managing Associate William Coote.

The real estate team included Partner David McLeish.

The projects team included Partner David Donnelly and Managing Associate Ben Van Weel.