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Singapore’s PDG Seeks $1.2 Billion Loan for Malaysia Data Center

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Exclusive Singapore’s PDG Seeks $1.2 Billion Loan for Malaysia Data Center Asian data center operator Princeton Digital Group Ltd. is seeking a syndicated loan of up to $1.2 billion to fund its Malaysia buildout, according to a person familiar with the matter, as the debt binge to finance artificial intelligence infrastructure continues. HSBC Holdings Plc Singapore branch, Maybank Investment Bank Berhad, OCBC Bank (Malaysia) Berhad, Standard Chartered Bank (Singapore) Ltd., and United...

Exclusive Singapore’s PDG Seeks $1.2 Billion Loan for Malaysia Data Center Asian data center operator Princeton Digital Group Ltd. is seeking a syndicated loan of up to $1.2 billion to fund its Malaysia buildout, according to a person familiar with the matter, as the debt binge to finance artificial intelligence infrastructure continues. HSBC Holdings Plc Singapore branch, Maybank Investment Bank Berhad, OCBC Bank (Malaysia) Berhad, Standard Chartered Bank (Singapore) Ltd., and United Overseas Bank Ltd. are the mandated lead arrangers and bookrunners for the three-year loan deal, said the person, asking not to be identified discussing private information.
Singapore (LOCATION) PDG (ORG) Malaysia Data Center Exclusive Singapore’s (ORG) Malaysia Data Center Asian (ORG) Princeton Digital Group Ltd. (ORG) Malaysia (LOCATION) HSBC Holdings Plc Singapore (ORG) Maybank Investment Bank Berhad (ORG) OCBC Bank (ORG) Standard Chartered Bank (Singapore) Ltd. (ORG) United Overseas Bank Ltd. (ORG)
Originally published by Bloomberg Technology Read original →