Princeton Digital Gets Green Loan for $1.5 Billion Asia AI Hub
- Princeton Digital snags $280 million debt from three banks
- A boom in AI activity is fueling Asian data investments
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Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
The Warburg Pincus-backed company, which builds and operates server facilities around the region, secured the financing from Maybank, Standard Chartered Plc and United Overseas Bank Ltd. Princeton Digital said the deal marked its first so-called green loan, a form of debt targeted at environmentally friendly projects.