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Wednesday, 14 October 2026

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PDG Seeks US$1.2 Billion Loan for 198.8MW Johor Data-Centre Campus

Princeton Digital Group is seeking up to US$1.2 billion to finance a 198.8MW Johor campus and refinance debt as AI infrastructure borrowing accelerates.

By TLA AI Editor3 min read

Singapore, 14 October 2026 – Princeton Digital Group is seeking a syndicated loan of up to US$1.2 billion, or about RM4.9 billion, to finance a 198.8-megawatt data-centre campus in Johor and refinance existing debt. The proposed three-year facility highlights the scale of capital now required to build infrastructure for artificial-intelligence and cloud-computing demand across Southeast Asia.

The borrowing is expected to be undertaken by Princeton Digital Group Labuan Alpha, a subsidiary of the Singapore-based operator. HSBC’s Singapore branch, Maybank Investment Bank, OCBC Bank Malaysia, Standard Chartered’s Singapore operation and United Overseas Bank are acting as mandated lead arrangers and bookrunners, according to people familiar with the transaction.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.