Singapore-headquartered data centre operator Princeton Digital Group (PDG) has secured approximately $856 million in financing to support the expansion of its hyperscale data centre footprint in Indonesia, according to its statement on Thursday.
The financing comprises a fully underwritten $456-million syndicated loan backed by a consortium of international lenders—DBS, HSBC, Maybank, SMBC, and Standard Chartered—alongside an additional accordion facility of about $400 million that remains under arrangement.
The structure follows PDG’s green finance framework, positioning the transaction among the largest green loan deals in Asia’s digital infrastructure sector.
The proceeds from the facility will be used to fund the development of the company’s JC3 campus, located in Greenland International Industrial Center (GIIC) in Bekasi, which is expected to deliver around 120 MW of IT load capacity.
The project forms part of PDG’s broader strategy to scale hyperscale-ready infrastructure in Indonesia, where cloud adoption and enterprise digitalisation are driving sustained demand for high-quality data centre capacity.
“The successful closing of this financing underscores the strength of our business model and reflects the confidence of leading global financial institutions in our ability to execute projects at scale,” said Rangu Salgame, Chairman, CEO, and co-founder of PDG.
He added that Indonesia remains a cornerstone of the company’s regional growth strategy. “Indonesia is a key market in our portfolio, where demand for high-quality data centre capacity continues to grow rapidly. As hyperscalers expand in the country, they require partners that can deliver solutions at scale with speed, certainty and global standards,” Salgame said.
The financing comes about two months after PDG announced plans to raise up to $5 billion in debt this year to fund contracted capacity across Asia, as the company races to expand its hyperscale platform amid growing AI-related infrastructure demand.
As part of that broader plan, PDG in March expanded a previously secured $400-million HoldCo loan by an additional $350 million, bringing the total facility size to $750 million and converting it into a sustainability-linked loan tied to operational and sustainability targets.
PDG, which is backed by investors including Warburg Pincus, Ontario Teachers’ Pension Plan, and Mubadala Investment Company, operates across seven Asian markets with a total portfolio exceeding 1.8 GW, including Singapore, Japan, India, Indonesia, China, Malaysia, and South Korea.
PDG has been steadily expanding its presence in Indonesia, where it has built a total portfolio of around 400 MW. The company is advancing multiple projects, including the ongoing development of JC3 and the recently announced JC4 facility while also investing in renewable energy sourcing to support its sustainability targets and meet growing customer requirements for greener infrastructure.
The JC4 campus spans about 106,000 square metres and will comprise four data centre buildings, each with 60 MW capacity. The site is located approximately 1.7 km from PDG’s JC3 campus, enabling shared power and connectivity infrastructure to improve efficiency and resilience.
The company is also strengthening its ecosystem through strategic partnerships aimed at enhancing connectivity and operational resilience across its data centre platforms, as competition intensifies among regional and global operators seeking to capture hyperscale demand.
