DLA Piper advises Macquarie Technology Group on debt refinancing to support growth of data centre business

DLA Piper has advised Macquarie Technology Group Limited (ASX: MAQ) on it’s AUD450m secured debt refinancing with a group of domestic and international lending institutions.

The new debt facility is intended to support and fund the continued expansion of Macquarie Technology Group's data centre business, including the construction of its IC3 Super West Phase 1 data centre.

DLA Piper advised on all aspects of the debt refinancing transaction, including the preparation and negotiation of the syndicated facility agreement and security documents. 

"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 centre sector in Australia," said Alex Regan (Partner, Finance).

"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," Alex added.

The DLA Piper team was led by Alex Regan and supported by Caroline Rowe (Special Counsel, Finance) and Sophia Davies (Solicitor, Finance)

DLA Piper also recently advised Macquarie Technology Group on its AUD174 million strategic land acquisition of Macquarie Park Data Centre in July 2024.