Bridge Data Centres seeks to upsize loan to $6.6B for Malaysia build-out
What's the deal? Bain CapitalDealroom has a profile for this one. Try Dealroom →-owned Bridge Data CentresDealroom has a profile for this one. Try Dealroom → is in talks with banks to increase a loan from $2.8 billion to about $6.6 billion for its Malaysia operations, Bloomberg reported. The Singapore-headquartered company first secured the loan early last year.
Why now? The expanded deal could launch into the market by November, according to Bloomberg. The raise would rank among the largest debt financing deals in Asia's data centre industry.
What's the endgame? Bridge Data Centres is a unit of WintrixDealroom has a profile for this one. Try Dealroom →, formerly Chindata Group HoldingsDealroom has a profile for this one. Try Dealroom →, the Chinese data centre operator that Bain Capital took private in 2023 in a $3.16 billion deal. The fresh debt would fund its expanding footprint in Malaysia.
The signal: The fundraising comes amid a boom in data centre financing fuelled by the AI infrastructure build-out. At $6.6 billion, it would sit at the very top of debt rounds in its sector and region, underscoring how capital is flowing into Asia's compute capacity.
Read more: The Information
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