La Caisse commits A$1 billion to NEXTDC Limited for data center expansion

La Caisse committed A$1 billion ($692 million) to support a subordinated hybrid securities offering by NEXTDC Limited, an Australia-based data center operator. This commitment underpins the full size of the hybrid securities offer, providing flexible, long-term capital to fund ongoing data center developments and future capacity expansions across NEXTDC’s portfolio. The proceeds will support NEXTDC’s construction program, addressing the growing demand for digital infrastructure in Australia. The hybrid securities will carry a five-year non-call period and a 100-year maturity, expected to be treated as debt for accounting purposes.

Counterparts (2)

borrower

NextDC

company

Australian ASX 100-listed data centre operator managing 17 Tier III/IV facilities across Australia, New Zealand, Japan, and Malaysia with 3 GW development pipeline. Provides colocation, cloud interconnectivity, and AI-ready infrastructure to enterprise and hyperscale customers.

Lender

La Caisse

company · 1 deals

Montréal-based pension fund and institutional investor managing $517B in assets across real estate, infrastructure, private equity, and public markets globally. Operates with offices in 10 cities including Toronto, New York, London, Singapore, and São Paulo, with significant investments in Québec and international infrastructure assets.