Singapore-based data center operator, Princeton Digital Group (PDG), has closed a USD 350 million debt financing, as part of its plan to raise up to USD 5 billion funding in 2026 to support its rapidly expanding hyperscale projects across Asia, the company says in a press release today.
This expands the USD 400 million HoldCo loan secured in May 2025 increasing the total facility to USD 750 million. The expanded facility has been converted into a Sustainability-Linked Loan, aligning pricing with defined operational and sustainability performance targets. A consortium of international banks including Barclays, BNP Paribas, Deutsche Bank, HSBC, SMBC, Societe Generale, and Standard Chartered had participated in providing the USD 350 million funding.
“Our business momentum and delivery excellence continue to strengthen confidence among our capital partners. As we continue to secure large-scale capacity and win new business, we are building our capital structure in step. Converting the facility into a sustainability-linked structure further demonstrates our commitment to embedding sustainability metrics into our capital framework,” said Rangu Salgame, Chairman, CEO, and Co-founder of PDG.
PDG currently operates across seven markets with a total portfolio exceeding 1.8 GW.