Singapore-based company aims for $1.2 billion loan to expand data center in malaysia

Asian data center operator Princeton Digital Group Ltd. is pursuing a syndicated loan of up to $1.2 billion to finance its expansion in Malaysia, according to a source with knowledge of the matter. The move comes amid a surge in debt financing for artificial intelligence infrastructure. The company's initiative is part of a broader trend of significant capital injections into data center projects to support AI development. The loan is intended to fund the construction and operation of the Malaysia-based data center. The source did not specify the exact terms of the loan or the lenders involved. This development highlights the growing importance of data centers in the AI industry and the increasing reliance on financial backing to support such initiatives. The project is expected to contribute to the region's digital infrastructure and technological advancement.