Eric Johnson
👤 SpeakerAppearances Over Time
Podcast Appearances
That's extraordinary.
That's beyond the LNG expansion.
Just to put that in context, that's one of the single biggest investments outside of LNG investment of recent years.
That's right.
You know, they were pretty capital light models down here.
But just back on NextDC, so they're now on a expansion phase and building out warehouses.
That means they're going to be very capital hungry.
And we've already seen examples of that.
They're in the market at the moment with a retail raising.
They've just issued some notes.
Really interestingly, they've issued some hybrid notes.
They're the things that retail investors love banks to issue notes.
Little note around this is that the Next DC ones are 100-year notes.
So they're redeemable in 100 years.
Oh, it was a Canadian pension fund.
To come in.
And that's the concern.
So it is going to be capital hungry.
That being said, they have a business model.