Digital Edge secures $575m for Asia data center push

Singapore-based data center operator Digital Edge said on May 22 it closed its first US$575 million holding company loan to expand across Asia Pacific.

The company said demand is rising for hyperscale and AI-ready facilities.

The company said it will use the money in South Korea, Japan, India, and Southeast Asia, and Digital Edge is backed by US investor Stonepeak.

Clifford Capital, Deutsche Bank, MUFG, Sumitomo Mitsui Banking Corp, and Standard Chartered led the financing with BNP Paribas and Stonepeak Credit.

The loan can be converted into a sustainability-linked facility if the parties agree on targets.

🔗 Source: Reuters

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US$575 million loan sits within Digital Edge’s larger funding pool

Earlier, the company raised more than US$1.6 billion in equity and debt to keep expanding its platform 1.
Separate project commitments include US$2 billion for a greenfield, or newly built, 300-megawatt hyperscale facility in Navi Mumbai, India 2.
Another US$4.5 billion will fund the CGK Campus, a 500-megawatt AI-ready hyperscale data center campus in Bekasi, Indonesia, with room to scale to 1 gigawatt 3.
Across the platform, Digital Edge has more than 500 megawatts of critical IT load in service, under construction, or in development, plus another 300 megawatts reserved for future projects 1.

Private equity is building connected platforms across power and data

The facility includes an option to become a sustainability-linked loan if Digital Edge and its lenders agree on performance targets.
Digital Edge also works with Peak Energy, another Stonepeak portfolio company, on renewable power projects 4.
Their initial pipeline targets 500 megawatts of operating capacity and supports the decarbonization of up to 1 gigawatt of power 4.
Stonepeak is also funding other large Asia Pacific platforms, including a previously announced US$1.3 billion preferred equity investment in Princeton Digital Group, a data center operator 5.