Street Talk

CDC Data Centres in new $1b-plus debt deal; Barrenjoey on the ticket

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 13, 2023 – 6.53pm

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Morrison & Co-backed data centre owner CDC Data Centres is busy restocking its balance sheet with a new debt package.

Street Talk understands CDC is working with Barrenjoey Capital Partners to supersize its bank debt facilities by upwards of $1 billion. Sources said debt presentations are under way, with the Commonwealth Bank expected to lead the syndicate.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.