Digital Edge, a Singapore-based data centre company backed by U.S.-based investor Stonepeak, has closed its first $575 million holding company loan to fund expansion in Asia-Pacific markets, it said on Friday.
The company’s statement said that it would use the money to continue expanding in markets including South Korea, Japan, India and Southeast Asia to meet growing demand for hyperscale and AI-ready data centre infrastructure across the region.
Clifford Capital, Deutsche Bank, MUFG, Sumitomo Mitsui Banking Corp (SMBC) and Standard Chartered acted as lead arrangers and bookrunners for the financing, alongside BNP Paribas and Stonepeak Credit as lead arrangers, Digital Edge said.
The company said the majority of participating lenders are existing financing partners.
The financing includes a feature that would allow the borrower to convert it into a sustainability-linked loan, subject to agreement on sustainability performance targets, the company said.
MUFG, SMBC and Standard Chartered will act as sustainability-linked loan coordinators, it added.
Reuters
