Chinese Data Center Firm GDS Seeks Record $3.4 Billion Loan

DayOne's Nusajaya Tech Park Data Center Campus in Johor, Malaysia.

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Chinese data center operator GDS Holdings Ltd. is seeking a $3.4 billion-equivalent loan for its data center operations in Malaysia, people familiar with the matter said.

The borrowing would be its biggest ever loan. It would also be among the largest financings for the sector by any borrower in Asia.