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Yahoo
09-04-2025
- Business
- Yahoo
Chinese Data Center Firm GDS Seeks Record $3.4 Billion Loan
(Bloomberg) -- Chinese data center operator GDS Holdings Ltd. is seeking a $3.4 billion-equivalent loan for its data center operations in Malaysia, people familiar with the matter said. ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for 'Devastating' Cuts from Congress Saving the Signature Sound of Washington, DC The borrowing would be its biggest ever loan. It would also be among the largest financings for the sector by any borrower in Asia. The company's international arm, DayOne, formerly known as GDS International, is aiming for a five-year facility, according to the people. It would comprise a $1.7 billion tranche and a 7.5 billion ringgit ($1.7 billion) piece, and is being syndicated to the broader market, said the people. Malaysia is turning into a beneficiary of Asia's growing need for data centers to support the boom in artificial intelligence. The southern state of Johor — which sits across from the city-state of Singapore — has about 30 projects completed or under construction, plus 20 more awaiting approvals. Companies investing have included Microsoft Corp. and ByteDance Ltd. Seven lenders have been appointed as mandated lead arrangers and bookrunners of the loan, including DBS Group Holdings Ltd., Malayan Banking Bhd. and Standard Chartered Plc, the people said. DayOne didn't respond to a request for comment. The proceeds of DayOne's loan will be for refinancing and capital expenditure purposes, the people said. The unit has data centers in countries including Singapore, Malaysia, Indonesia, Thailand, Hong Kong and Japan. The company started building its presence in Johor in 2021 and launched its first facility there in 2023, according to its website. GDS Holdings may try to list DayOne as soon as this year, Bloomberg News reported last month. The entity last tapped the loan markets in December 2023 when it raised a 1.27 billion ringgit syndicated green facility for expansion of its campus in Johor. Nvidia Looks Past DeepSeek and Tariffs for AI's Next Chapter How America Got Hooked on H Mart How Trump's 'No Tax on Tips' Could Backfire for the Working Class College Presidents on Trump, Tuition and Universities Under Pressure The Real Reason Trump Is Pushing 'Buy American' ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
17-03-2025
- Business
- Bloomberg
Chinese Data Center Firm GDS Seeks Record $3.4 Billion Loan
Chinese data center operator GDS Holdings Ltd. is seeking a $3.4 billion-equivalent loan for its data center operations in Malaysia, people familiar with the matter said. The borrowing would be its biggest ever loan. It would also be among the largest financings for the sector by any borrower in Asia.
Bloomberg
11-02-2025
- Business
- Bloomberg
GDS Said to Be Considering $500 Million US IPO of Ex-China Unit GDSI in 2025
GDS Holdings Ltd. is considering a US initial public offering of its GDS International business to raise about $500 million, according to people familiar with the situation. The Chinese data center operator may try to list GDSI, which runs its facilities in Hong Kong and Southeast Asia, as soon as this year, the people said. GDS is in talks with banks about working on the IPO, they added, asking not to be identified discussing a private matter.
