DayOne bags mezzanine loan from Brookfield for Finnish data centres

DayOne bags mezzanine loan from Brookfield for Finnish data centres

Photo by Jordan Harrison on Unsplash

DayOne Data Centers, a Singapore-based data center developer, said it has secured a 500 million euros ($582 million) mezzanine financing facility, expandable to 1 billion euros, from Brookfield and a global sovereign investor, for its Finland platform.

The capital will support DayOne’s hyperscale developments in the Finnish cities of Lahti and Kouvola, with flexibility to fund expansion in other growth markets. The seven-year facility is aimed at backing organic growth, new-build programmes, and rising demand for AI and cloud infrastructure.

The financing complements the $1.9 billion DayOne raised across Series A and Series B equity rounds. The company is advancing nearly 300 MW of planned capacity in Finland, including a 1.2 billion euros investment in Lahti and a joint-venture development in Kouvola.

Jamie Khoo, CEO of DayOne, said the facility “strengthens DayOne’s long-term capital base and supports the continued build-out of our global platform”.

Sean Robertson, Infrastructure Debt SVP at Brookfield, added that the firm is “delighted to support DayOne’s expansion with this milestone transaction”.

DayOne’s development pipeline spans Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, and Finland.

Edited by: Pramod Mathew

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