SYDNEY: Macquarie Technology Group Ltd. said Wednesday it has secured a 200 million Australian dollar investment from the National Reconstruction Fund Corp. to expand its secure digital infrastructure and cybersecurity services for government and defense clients.
The hybrid investment, structured as a delayed-draw facility, will be issued in two series of 100 million Australian dollars each. The first series is expected to close by June 1, 2026, with the second due by March 1, 2027, according to a company statement.
NRFC, a sovereign investor established by the Australian government, focuses on backing nationally significant technology, digital infrastructure and defense capabilities.
The funds will support strategic product development in Macquarie’s Cloud Services and Government segment, targeting increased use of sovereign cloud services and artificial intelligence by Australian government agencies, the Department of Defence, defense contractors, critical infrastructure operators and businesses.
CEO David Tudehope said the partnership provides long-term capital to support growth initiatives while strengthening financial flexibility and diversifying funding sources.
“This new source of capital enables us to expand our role as a provider of secure digital infrastructure and cyber security, delivering significant benefit to the Australian economy over time,” Tudehope said.
The securities are perpetual, callable, subordinated and non-convertible, with distributions potentially frankable. They pay a fixed rate of 6% annually until the first call date in year six, then shift to a floating rate. The company retains sole discretion to defer payments.
The hybrid securities rank junior to all unsubordinated obligations but senior to all classes of share capital.
Macquarie Technology Group Ltd. trades on the Australian Securities Exchange under the symbol MAQ.