Bridge Data Centres, the data center operator owned by Bain Capital, has secured a record $2.8 billion loan for its operations in Malaysia. This marks the company’s largest-ever bank financing deal, according to sources familiar with the transaction.
Bridge Data is a subsidiary of Wintrix, previously known as Chindata Group Holdings Ltd., a Chinese data center operator that was privatized by Bain Capital in a deal valued at approximately $3.2 billion in 2023.
The five-year loan, which has been syndicated to the broader financial market, will be used to refinance some of Bridge Data’s existing debt and fund its ongoing expansion in Malaysia. The loan’s structure involves multiple financial institutions, though the exact terms were not disclosed.
This major financing follows a similar move by competitor DayOne, formerly GDS International, which recently launched a $3.4 billion-equivalent loan facility for its data center operations in Malaysia. Both loans underscore the significant capital needs of the data center industry as companies in the region ramp up investments to meet rising demand for data services driven by artificial intelligence.
The Malaysian state of Johor, located near Singapore, has become a focal point of this expansion, with approximately 30 data center projects either completed or under construction, and 20 more awaiting approval. Notable companies such as Microsoft and ByteDance are among those making substantial investments in the region.
A consortium of nine lenders has been appointed to serve as mandated lead arrangers, underwriters, and active bookrunners for the Bridge Data loan. A spokesperson for Bain Capital declined to comment on the deal.
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