A data center company based in Singapore has successfully completed a $575 million financing arrangement to support its growth plans throughout Asia-Pacific regions, the firm announced on Friday.
The Singapore company, which operates with backing from U.S.-based investor Stonepeak, stated this represents its inaugural holding company loan of this magnitude.
According to the company’s announcement, the financing will support continued expansion efforts in South Korea, Japan, India and Southeast Asia as demand increases for hyperscale and AI-ready data center infrastructure throughout these markets.
Multiple major financial institutions served as lead arrangers and bookrunners for the deal, including Clifford Capital, Deutsche Bank, MUFG, Sumitomo Mitsui Banking Corp and Standard Chartered. BNP Paribas and Stonepeak Credit also participated as lead arrangers, the company reported.
The data center operator noted that most of the participating financial institutions have previously provided financing to the company.
The loan agreement includes provisions that would permit conversion to a sustainability-linked loan structure, pending agreement on specific sustainability performance benchmarks, according to the company.
MUFG, Sumitomo Mitsui Banking Corp and Standard Chartered will serve as coordinators for any future sustainability-linked loan arrangements, the firm added.
