Princeton Digital Group (PDG), the Singapore-based data center provider, announced Tuesday the successful raise of over $1.2 billion in financing to support its continued expansion and development of artificial intelligence (AI)-ready data center infrastructure across Asia.
The firm said in a statement that the financing comprises $800 million in project financing for the development and expansion of PDG’s AI-ready data center campuses in Mumbai, Langfang, and Tokyo; $400 million Holdco loan secured from a consortium of global banks, including Barclays, BNP Paribas, and Deutsche Bank.
This substantial capital raise underscores PDG’s proven track record in delivering large-scale, high-performance data center solutions tailored for the demands of artificial intelligence and cloud computing.
“This financing milestone reflects the confidence capital providers have in PDG’s vision and execution capabilities,
“Our ability to secure project and Holdco financing is underpinned by our strong balance sheet, diversified portfolio, and commitment to meeting the evolving needs of our customers in the AI era,” said Rangu Salgame, Chairman, Chief Executive Officer, and Co-founder of PDG.
PDG’s data center campuses in Mumbai, Langfang, and Tokyo are strategically located to serve the growing demand for AI and cloud services in Asia.
The company’s focus on sustainability and innovation ensures that its facilities are equipped to handle high-density workloads while maintaining energy efficiency.
With this new financing, PDG said the firm is well-positioned to accelerate its growth strategy and continue delivering state-of-the-art digital infrastructure solutions across the region.
PDG is a developer and operator of internet infrastructure.
Headquartered in Singapore with presence and operations in Singapore, Japan, India, Indonesia, China, and Malaysia, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia.
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