DayOne closes $3.7B green loan for Malaysian data centres
What's the deal? DayOne Data Centers has closed a dual-tranche add-on loan of around $3.7 billion-equivalent to fund its Malaysian data centre projects, according to 9fin sources. The senior secured green loan pairs a US$1.32B Islamic financing tranche with a $2.4 billion term loan.
Who's backing it? The original mandated lead arrangers, bookrunners, and coordinators include CIMB BankDealroom has a profile for this one. Try Dealroom →, Crédit Agricole CIB, DBS BankDealroom has a profile for this one. Try Dealroom →, MaybankDealroom has a profile for this one. Try Dealroom →, OCBC Bank, Standard Chartered Bank, and United Overseas BankDealroom has a profile for this one. Try Dealroom →.
Why now? The facility upsizes an existing $3.5 billion loan that backed the same Malaysian projects, signed last year. The add-on structure lets DayOne extend financing on assets already under development rather than starting a new deal.
The signal: The size and green-loan format underline how banks across the region are lining up capital for data centre buildouts, with Malaysia emerging as a hub for the sector. It caps an active week for Asian debt markets, alongside Sun PharmaceuticalDealroom has a profile for this one. Try Dealroom →'s planned $4 billion term loan to refinance its Organon acquisition and Shapoorji Pallonji GroupDealroom has a profile for this one. Try Dealroom →'s request for a one-month extension on a US$475.3M bond prepayment.
Read more: 9fin.com
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