Reported about 11 hours ago
Chinese data center operator GDS Holdings Ltd. is seeking a record $3.4 billion loan to support its operations in Malaysia, marking a significant financing move in Asia's data center sector. The loan, structured as a five-year facility, will help fund ongoing projects in Johor, which is witnessing substantial investment in data infrastructure to meet the rising demand from companies like Microsoft and ByteDance. Seven major lenders are involved in arranging the loan, which is intended for refinancing and capital expenditures.
Source: YAHOO