Singapore-based data center platform Princeton Digital Group (PDG) announced today it has raised about USD 856 million in total financing to support the build-out of its 120 MW JC3 campus.
The financing comprises a fully underwritten USD 456 million syndicated facility— backed by DBS, HSBC, Maybank, SMBC, and Standard Chartered— and an accordion facility of about USD 400 million currently in progress. Structured under PDG’s Green Finance Framework, the facility is among the largest green loans in the region, according to its press statement.
“Securing this financing underscores both the strength of our business model and the confidence of leading global financial institutions in our ability to execute at scale,” said Rangu Salgame, Chairman, CEO and Co-Founder of PDG. “Indonesia is a key market in our portfolio, where demand for high-quality data center capacity continues to accelerate. As hyperscalers expand in the country, they require partners who can deliver at scale with speed, certainty, and global standards.”
PDG has a significant presence in Indonesia with a total portfolio of 400 MW. It has recently announced the launch of JC4 while JC3 is still under development. The firm has invested in renewable energy procurement, and undertaken strategic partnerships to enhance connectivity and sustainability across its operations.
PDG’s total portfolio exceeds 1.8 GW across seven countries in Asia namely Singapore, Japan, India, Indonesia, China, Malaysia and South Korea.