PDG, backed by Warburg Pincus, plans to raise $5 billion in debt to expand its data centers
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The financing will be used for facility construction in India, Indonesia, Malaysia, and Japan. A consortium of banks will jointly undertake part of the loan. Supported by Warburg Pincus, PDG adopts a "future revenue-based collateral" model, which means borrowing against already signed customer contracts. The company has signed solid contracts with hyperscalers for periods of 10-12 years. Currently, the company operates artificial intelligence (AI) data centers in seven markets across Asia, with a total portfolio capacity exceeding 1.8 GW.
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