Princeton Digital Group has announced plans to raise US $1 billion in debt across a span of projects as the company expands its operations, just one year after a funding round raised over $500 million.
The company is responsible for the development and operation of over 600 mW of data center capacity and infrastructure across the APAC region, in China, India, Indonesia, Japan, Malaysia and Singapore. It runs 21 data centers across 15 cities in the region.
Alongside Princeton Digital chief executive officer Rangu Salgame and chief operating officer Varoon Raghavan, Warburg Pincus assisted in the company’s setup in 2017. Established by Abu Dhabi investor Mubadala Investment Co, a funding round last year raised more than US $500 million. A statement has revealed the company had contributed US $350 million to the fund.
In other projects across Asia, Princeton Digital Group has begun construction this week on a 150 mW campus in Johor, Malaysia, with the first phase expected to start operation in 2024. A 22 mW facility was also launched last month in Jakarta, Indonesia, while a 48 mW data center reached completion in Tokyo, Japan in August.
The land for Malaysia’s center was acquired for a total of $450 million in May of this year, which closely followed an announcement for a $1 billion expansion into Malaysia and Indonesia.