DXN Limited has completed the purchase of the Secure Data Centre Darwin property, backed by a $5 million refinancing that reduces debt and boosts cash flow by $266,000 annually.
- Finalised $2.1 million purchase of SDC Darwin property
- Secured $5 million loan facility with iPartners
- Refinanced existing debt, paying down $2 million and settling $550,000 warranty
- Annual cash flow savings of approximately $266,000
- Independent valuation of property at $10 million strengthens asset base
Strategic Acquisition Completed
DXN Limited, a specialist in prefabricated modular data centre solutions, has successfully completed the purchase of the land and building housing Secure Data Centre Pty Ltd’s Darwin operations. The $2.1 million acquisition had been contingent on securing appropriate debt financing, which DXN has now achieved through a $5 million loan facility with iPartners Pty Ltd.
Refinancing Drives Financial Efficiency
The new loan facility, initiated on 29 May 2025 with an 18-month term, not only funded the property purchase but also enabled DXN to pay down $2 million of existing debt owed to PURE Asset Management. Additionally, the company settled a $550,000 warranty payment related to the original 2021 purchase agreement for the Darwin site. This refinancing effort is expected to generate annual net cash flow savings of around $266,000, enhancing DXN’s financial flexibility and operational efficiency.
Asset Base Strengthened Amid Growth Plans
Independent valuation places the SDC Darwin property at $10 million, providing an immediate uplift to DXN’s net asset value. This significant increase in tangible assets strengthens the company’s balance sheet and supports its strategic vision for sustained growth in the modular data centre market across the Asia Pacific region.
Leadership Perspective
Managing Director and CEO Shalini Lagrutta highlighted the importance of this milestone, noting that the transaction aligns with DXN’s broader strategic initiatives aimed at long-term value creation. She emphasized that the combination of prudent financial management and operational expansion positions the company well for future opportunities.
Looking Ahead
With the Darwin property acquisition now finalized and the capital structure optimised, DXN is poised to leverage its enhanced asset base and improved cash flow to accelerate growth. The company’s dual focus on modular design and data centre operations continues to cater to government and blue-chip clients, suggesting a promising trajectory in a competitive sector.
Bottom Line?
DXN’s strategic refinancing and asset acquisition mark a pivotal step toward stronger financial health and growth potential.
Questions in the middle?
- What are the specific terms and interest rates of the new $5 million loan facility?
- How will the Darwin acquisition impact DXN’s operational capacity and revenue streams?
- What are DXN’s plans for further expansion or acquisitions in the modular data centre space?