SINGAPORE & SHANGHAI, April 14 (Bernama-BUSINESS WIRE) — Singapore-based Princeton Digital Group (PDG), Asia’s leading data center provider, today announced it has secured USD 230 million debt refinancing from China Merchants Bank, as part of its USD 1 billion expansion plan in China.
The refinancing validates PDG’s momentum, with confirmation of the completion of its fully contracted 42MW Shanghai data center campus. PDG also kicked off construction of its 43MW campus in Nanjing and design work of its 60MW campus in Nantong, and is actively evaluating acquisition opportunities in the Beijing, Shenzhen, and Shanghai areas as part of its 300MW expansion plan. PDG continues to build on its position as the largest international partner to domestic cloud companies in China, with ongoing partnership as they expand across Asia. For international companies, PDG is the only global operator in China offering the scale and service expected from these companies.