Gilbert + Tobin is pleased to announce its role advising long-standing client CDC Data Centres (CDC) on the A$1.4 billion upsizing of its debt facilities.

CDC owns and operates highly secure and connected large-scale data centres across Australia and New Zealand. CDC is renowned for providing critical data and digital infrastructure to clients, ensuring access to systems for essential progress.

The bank debt transaction involved multiple lenders participating across multiple tranches ranging from five to seven years. The new bank debt facilities will provide CDC with additional liquidity and funding certainty for its development pipeline, as well as improved flexibility for its operations and continued growth to facilitate the implementation of its business plan.

The G+T team was led by Banking + Projects Partner, Stuart Cormack who was supported by lawyers Jack Naughton and Catrina Chen.

Stuart commented: “It was our pleasure to assist our long-standing client, CDC on another significant debt raising. The strong appetite from the debt markets to lend to CDC is a further endorsement of management and their business plan. We look forward to supporting CDC in the years to come.”