APAC data center operator DayOne is reportedly looking to secure a loan of $1 billion to fund its expansion across the region.
The proposed loan could be upsized by an additional $250 million, according to a report from Bloomberg, which cites people familiar with the firm’s plans.
It is thought the deal is in the early stages, and could be subject to change. DayOne declined to comment when approached by Bloomberg.
Formerly known as GDS International, Singapore-based DayOne spun off from Chinese data center operator GDS earlier this year.
It has secured outside investment from the likes of SoftBank Vision Fund, Citadel CEO Kenneth Griffin, Coatue Management, and Baupost Group. GDS retains a non-controlling 35.6 percent equity interest in DayOne.
DayOne’s portfolio currently comprises approximately 480MW of data center capacity in service and under construction and an additional 590MW held for future development across sites in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo). The company recently broke ground on a site in Thailand.
Earlier this month, it secured $3.54 billion in debt financing to fund the construction of its two Malaysian data centers.
Check out DCD>Magazine #57, out now, for an interview with DayOne CEO Jamie Khoo on the firm’s future plans.
