Princeton Digital Group Secures $1.2 Billion for APAC Data Center Expansion

Princeton Digital Group has raised over $1.2 billion to expand its data center operations in Asia, focusing on Mumbai, Langfang, and Tokyo.

Princeton Digital Group has secured more than $1.2 billion in financing to expand its data center operations across Asia, focusing on Mumbai, Langfang, and Tokyo. The financing includes $800 million in project financing for the development and expansion of data center campuses in these cities, along with a $400 million Holdco loan from a consortium of global banks, including Barclays, BNP Paribas, and Deutsche Bank.

This financial milestone reflects the confidence of capital providers in PDG's vision and execution capabilities, as stated by Rangu Salgame, chairman, CEO, and co-founder of PDG. Established with the help of Warburg Pincus in 2017, PDG operates data centers in China, Singapore, India, Indonesia, Malaysia, and Japan, with Mubadala also being an investor.

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