Princeton Digital Group (PDG), the Singapore-based data centre operator, has announced plans to raise up to $5 billion in debt this year to fund contracted capacity across Asia.
The company, backed by Warburg Pincus, Ontario Teachers’ Pension Plan, and Mubadala, said the planned fundraising would support the rollout of its expanding hyperscale platform across the region.
PDG operates in seven Asian markets and has a portfolio exceeding 1.8 gigawatts. It said demand for hyperscale data centre infrastructure continues to rise.
As part of the broader debt plan, PDG said it has closed a $350 million financing that expands a $400 million loan secured in May 2025, bringing the total facility to $750 million.
The consolidated $750 million facility has also been converted into a sustainability-linked loan, with pricing tied to operational and sustainability performance targets, the company said.
“The expansion of our HoldCo facility reflects continued support for our execution discipline and track record across markets,” said Rangu Salgame, chairman, CEO, and co-founder of PDG.
In July last year, PDG secured a $1.3 billion investment commitment from US infrastructure and real estate investment firm Stonepeak. The deal brought PDG’s total capital raised in 2025 to $2.5 billion.
PDG operates over 1.1 gigawatts of data center capacity across six Asia Pacific markets.
Princeton Digital Group was co-founded in 2017 by Salgame as a data centre operator in Asia. It currently has 20 data centres across five countries. It serves internet and cloud companies as well as financial institutions.
The company raised $500 million in February 2022 in an equity funding round led by Mubadala Investment Company, a state investor for the Abu Dhabi government.
In 2024, it secured its first $280 million green loan that will help finance its data centre campus in Malaysia. It secured the green loan from Maybank, Standard Chartered Bank, and UOB Malaysia for its 150MW, AI-ready JH1 campus in Sedenak Tech Park (STeP) in Johor.
