Update
Princeton Digital Group Secures Up to $1.2 Billion Loan for Malaysia Data Centers
Princeton Digital Group, a Singapore-based company, is seeking a syndicated loan of up to $1.2 billion to expand its data centers in Malaysia. The facility, which will run for three years, is being arranged by a consortium of five lenders including HSBC Holdings Plc, Maybank Investment Bank, OCBC Bank (Malaysia), Standard Chartered Bank, and United Overseas Bank. The loan is part of a broader financing strategy and follows a $280 million green loan secured by the company in 2024 for its data center campus in Johor. The company, led by co-founder Rangu Salgame, is focused on AI-ready infrastructure and long-term contracts with hyperscalers.