0154 GMT - Australian data-center operator NextDC's bull at Jefferies still sees plenty of scope to boost funding for expansion following its announcement of a subordinated debt offering. Analyst Roger Samueltells clients in a note that the ASX-listed company's A$500 million offering is prudent and provides additional flexibility at an attractive price. It also means that NextDC, which still has A$4 billion in headroom on its current facilities, can raise more senior debt in future if needed. Samuel says he's confident that NextDC can deliver faster ramp-up in its billing capacity. Jefferies raises its target price 3.3% to A$18.70 and keeps a buy rating on the stock, which is down 4.0% at A$13.77. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 26, 2026 20:54 ET (01:54 GMT)

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