Singapore-based data center developer DayOne today said it has secured RM15 billion (US$3.67 billion) loan from a consortium of seven banks, to fund the expansion of its hyperscale data center in Johor, Malaysia. The financing expands on another RM15 billion loan it obtained last year, according to Reuters.
The financing consists of a US$ 2.4 billion offshore term loan facility and RM 5.5 billion ringgit Murabahah facility. It was arranged by a consortium of banks namely Malaysia’s CIMB Group Holdings, Maybank, France’s Crédit Agricole CIB, and Singapore’s Oversea-Chinese Banking Corp, United Overseas Bank, DBS Group and Standard Chartered.