BDx Secures $320 Million Debt Facility to Fuel AI Data Center Expansion in Indonesia

BDx Secures $320 Million Debt Facility to Fuel AI Data Center Expansion in Indonesia

April 1, 2026

Asia-Pacific data center operator BDx Data Centers has secured a major financial commitment to accelerate its build-out of artificial intelligence-optimized infrastructure in Indonesia, a key growth market for digital and cloud services. The financing underscores the intense capital requirements and strategic importance of developing next-generation data centers capable of supporting advanced computing workloads.

The company announced the successful closure of a $320 million loan facility this week. The syndicated debt package was led by prominent Indonesian financial institutions Bank Permata, BCA, and KB Bank. The capital will be deployed across several strategic initiatives, primarily to fund the continued development of the CGK3 campus in Jakarta, which is specifically designed for AI applications. Additionally, the facility will be used to refinance existing corporate debt on more favorable terms and to fund critical investments aimed at increasing high-voltage grid capacity at BDx’s other Indonesian campuses in Jatiluhur (CGK4) and Suryacipta (CGK5).

Mayank Srivastava, CEO of BDx Data Centers, stated, “This financing represents a strong vote of confidence in BDx’s vision and our role in enabling the next generation of digital and AI-driven growth in Asia. By investing in AI-optimized liquid-cooling infrastructure, high-voltage power platforms, and scalable campuses, we are developing the next generation of infrastructure for ‘AI Factories’ with ultra-high-density GPU workloads.”

The Singapore-headquartered operator, owned by global infrastructure investment manager I Squared Capital, has been rapidly expanding its footprint since its founding in 2019. Its portfolio spans Singapore, Indonesia, Hong Kong, Mainland China, and Taiwan, with an ambitious goal to grow its total capacity across APAC to 1 gigawatt. The Indonesian expansion is a central pillar of this strategy. In 2024, BDx significantly bolstered its position in the country through a joint venture with Indosat Ooredoo and Lintasarta, acquiring a portfolio of ten operational facilities and several development-stage assets.

The CGK3 campus exemplifies BDx's focus on high-density AI infrastructure. Construction on the first building, CGK3A, located in South Jakarta's TB Simatupang area, began in 2023. Upon completion, this facility alone is slated to encompass 14,125 square meters (152,000 square feet). This represents a substantial scale-up from the existing CGK3 facility, which offers 2 megawatts of capacity across 1,200 square meters (12,915 square feet) of technical space. The new funding will directly support bringing this larger, AI-ready capacity online.

For the broader industry, this transaction highlights the critical role of specialized debt financing in funding the capital-intensive build-out required for AI-ready data centers, particularly in high-growth Southeast Asian markets like Indonesia. It also signals continued strong lender confidence in the long-term fundamentals of the digital infrastructure sector, even as power and cooling requirements evolve dramatically.

Source: datacenterdynamics