DayOne Data Centers in Talks for US$240 Million Loan to Fund Hong Kong Facility

Singapore-headquartered data center platform DayOne Data Centers is seeking a HKD1.86 billion (US$240 million) loan to support its Hong Kong data center, according to a Bloomberg report citing people familiar with the matter. The company is in discussions with a consortium of Asian banks, including Singapore’s top lenders DBS Group Holdings Ltd, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank Ltd (UOB), for the five-year facility.

The funding is earmarked for DayOne’s purpose-built data center cluster in Kwai Chung, Hong Kong, which delivers 66MW of capacity. The facility is part of the company’s broader strategy to bolster its presence in key Asian markets amid surging demand for cloud and AI-driven computing infrastructure.

DayOne has been aggressively expanding its footprint across the region and beyond in recent months. Just last week, the company announced a US$415 million green loan from DBS, OCBC and UOB, a sustainability-linked facility that will support DayOne’s proof of concept for a hydrogen-powered data center at its Singapore facility. In addition, the company is reportedly seeking to double the size of an existing loan to approximately US$7 billion, which, if successful, would mark the largest loan in the data center industry in Asia.

The company has also filed confidentially for an initial public offering in the United States, aiming to raise up to US$5 billion. The IPO could take place as early as the next quarter, according to sources. DayOne, UOB, OCBC and DBS declined to comment on the ongoing negotiations.

The moves underscore a broader trend in the data center sector, where operators are increasingly turning to debt financing and capital markets to fund large-scale expansions. With the rapid growth of AI workloads and cloud adoption, data center developers are racing to secure both land and power capacity, making access to affordable capital a critical competitive advantage. The potential US$7 billion loan, if realized, would signal strong lender confidence in the sector’s long-term growth prospects across Asia.