PRINCETON DIGITAL GROUP RAISES US$230 MILLION FINANCING, CHARTING US$1 BILLION CHINA EXPANSION
KUALA LUMPUR, April 14 -- Singapore-based Princeton Digital Group (PDG), Asia’s leading data centre provider, has secured US$230 million debt refinancing from China Merchants Bank, as part of its US$1 billion expansion plan in China. (US$1 = RM4.128)
The refinancing validates PDG’s momentum, with confirmation of the completion of its fully contracted 42MW Shanghai data centre campus, according to a statement.
“On the heels of our latest round of equity financing from Ontario Teachers’ Pension Plan and Warburg Pincus, this debt from China Merchants Bank is a testament to our ability to successfully execute on our strategy to build and deliver scale across APAC’s fastest-growing markets,” said PDG Chairman and Chief Executive Officer, Rangu Salgame.
“We are delivering on the capacity requirements our hyperscale customers seek, when and where they need it. It is core to our strategy to be the leading data centre operator in APAC.”
PDG also kicked off construction of its 43MW campus in Nanjing and design work of its 60MW campus in Nantong, and is actively evaluating acquisition opportunities in the Beijing, Shenzhen, and Shanghai areas as part of its 300MW expansion plan.
The company continues to build on its position as the largest international partner to domestic cloud companies in China, with ongoing partnership as they expand across Asia.
For international companies, PDG is the only global operator in China offering the scale and service expected from these companies.
More details at www.princetondg.com.
-- BERNAMA
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