Princeton Digital Group closes additional $350M in debt financing, expanding HoldCo loan to $750M for hyperscale data center expansion

Asian data center operator Princeton Digital Group (PDG) secured an additional $350 million in debt financing, increasing its HoldCo loan to a total of $750 million. This sustainability-linked loan, provided by a consortium including Barclays and HSBC, will support the expansion of PDG's hyperscale data center portfolio across seven markets in Asia, aiming for over 1.8GW of total capacity.

Counterparts (8)

Lender

BNP Paribas

company · 6 deals

BNP Paribas is a global financial institution that provides financing and investment solutions across various sectors, including renewable energy. They support the development and deployment of renewable energy projects through project finance, advisory services, and capital markets solutions.

Société Générale

company · 2 deals

Société Générale has acted as a lender in two verified deals, totaling £500 million and $1.5 billion, respectively. These financings support renewable energy projects, specifically one solar project in the UK and one energy storage project in the USA. This indicates a focus on providing debt financing for solar and energy storage projects across international markets.

SMBC

company · 4 deals

SMBC Group is committed to the growth of its clients, the development of its people, and the advancement of society. They aim to promote a better and safer world for all, supporting business development of clients around the world.

HSBC

company · 6 deals

HSBC is one of the world’s largest banking and financial services organisations. Their strategy supports their ambition to be the most trusted bank globally, putting customers at the heart of everything they do. They are focused on long-term, sustainable growth, focused on areas of their competitive strengths.

Barclays

company · 3 deals

Barclays is a diversified bank with a strategy to achieve net zero emissions by 2050. It focuses on financing clients' transition to sustainable practices and scaling climate technology.

Standard Chartered

company

Standard Chartered is a leading international banking group with a presence in 53 markets, primarily focused on Asia, Africa, and the Middle East. The bank provides a full range of banking services, including corporate and institutional banking, project finance, and sustainable finance solutions, with a strong emphasis on infrastructure development.

Deutsche Bank

company · 3 deals

Deutsche Bank is a global financial institution that provides a range of financial services to corporations, institutions, and private clients. It focuses on sustainable and transition finance, aiming to support the low-carbon transition and ecosystem conservation.

borrower

Princeton Digital Group (PDG)

company

Princeton Digital Group (PDG) is a Singapore-headquartered digital infrastructure company operating a portfolio of 20 data centers across 18 cities in 6 countries in Asia Pacific, with over 600MW of secured capacity. The company focuses on developing and operating hyperscale data centers for cloud and enterprise customers.