Princeton Digital Group Seeks $400 Million Private-Credit Loan for Data Center Expansion
Princeton Digital Group, a Singapore-based data center operator, is in the process of securing a $400 million private-credit loan to fuel its expansion efforts in the rapidly growing artificial intelligence industry.
The loan, with a four-year tenor, will be utilized for capital expenditure and refinancing existing debt, according to sources familiar with the matter. However, Princeton Digital has remained tight-lipped on the subject and has not provided any official comments.
As the demand for data storage and processing continues to surge, data center companies are turning to alternative funding sources to meet their financial requirements. In the Asia-Pacific region, private equity investors like Blackstone and KKR & Company have been actively investing in the data center sector, intensifying the market competition.
Blackstone, one of the major players in the private equity industry, expressed its commitment to further investing in AI-related ventures following its acquisition of AirTrunk Pte., an Australia-based data center operator, in 2024.
Established in 2017, Princeton Digital currently operates over 20 data centers across various Asian countries, including China, India, and Japan. The company was founded with the support of Warburg Pincus, a leading global private equity firm, and its founder Rangu Salgame.
