Data Center Firm Yondr Seeks Private Loan for Malaysia Expansion
- Firm mulls debt of about $500 million from private lenders
- Loan will fund the construction of data centers in Malaysia
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Yondr Group Ltd., a global developer and operator of data centers, is seeking private debt of about $500 million to fund a project based in Malaysia, according to people familiar with the matter.
The private loan, which could have a tenor of around five years, will back the construction of data centers in the southern state of Johor in Malaysia, according to people familiar with the matter. Discussions remain ongoing, and the deal’s details are subject to change, the people added, requesting anonymity discussing a private matter.