DLA Piper Advises Macquarie Technology Group on Debt Refinancing

DLA Piper advised Macquarie Technology Group on its AUD $450 (USD $298.9) million secured debt refinancing with a group of domestic and international lending institutions._x000D_
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The new debt facility is intended to support and fund the continued expansion of Macquarie Technology Group’s data center business, including the construction of its IC3 Super West Phase 1 data center._x000D_
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DLA Piper advised on all aspects of the debt refinancing transaction, including the preparation and negotiation of the syndicated facility agreement and security documents._x000D_
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“Our team were proud to work with Macquarie Technology Group and its financial adviser, RBC Capital Markets, on another milestone financing transaction in the data center sector in Australia,” Alex Regan, partner of Finance for DLA Piper, said.  “This transaction builds on DLA Piper’s established know-how in advising investors, developers and lenders on innovative transactions in the rapidly growing digital infrastructure sector in Australia.”_x000D_
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The DLA Piper team was led by Regan and supported by Caroline Rowe, special counsel, of Finance and Sophia Davies, solicitor of Finance._x000D_
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DLA Piper also recently advised Macquarie Technology Group on its AUD $174 (USD $115.6) million strategic land acquisition of Macquarie Park Data Center in July 2024.