NextDC Ltd has completed the subscription of $300 million senior unsecured, 6.25% fixed rate debt offering (Notes III). Subscription for Notes III included a combination of new investor funds and the discretionary rollover of selected Notes I and Notes II securities. NXT will use the net cash proceeds of Notes III to redeem the balance of the remaining Notes I and Notes II securities at the optional redemption date of June 16, 2017, while the excess net cash proceeds are intended to be used for general business and financing purposes. Moreover, the company is currently pursuing several new large customer opportunities, which will require additional capital expenditure and are expected to be adequately funded by NXT’s new liquidity sources. For FY17, the company is expected to report $115-$122 million in revenue while EBITDA is expected to be $46-$50 million with capital expenditure at $260-$340 million. The stock has moved up 36.2% in the last one year as on June 28, 2017, and currently trading close to 52 week high levels.