Money to fuel projects in Mumbai, Langfang, and Tokyo.
Princeton Digital Group (PDG) has secured more than $1 billion in financing to fuel its roll-out.
The APAC data center firm recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia.
The financing comprises $800 million in project financing for the development and expansion of PDG’s data center campuses in Mumbai, India; Langfang, China; and Tokyo, Japan; as well as a $400m Holdco loan secured from a consortium of global banks, including Barclays, BNP Paribas, and Deutsche Bank.
“This financing milestone reflects the confidence capital providers have in PDG’s vision and execution capabilities,” said Rangu Salgame, chairman, CEO, and co-founder of PDG. “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.”
PDG was set up with the help of Warburg Pincus in 2017 and operates data centers in China, Singapore, India, Indonesia, Malaysia, and Japan. Mubadala is also an investor.
