DayOne Secures $3.7 Billion Financing for Malaysia Data Centre Expansion

New Financing Package

Singapore-based data centre developer DayOne said on Tuesday it has secured an additional 15 billion ringgit ($3.67 billion) in financing from a consortium of seven banks to fund its expansion in Malaysia. The package consists of a $2.4 billion offshore term loan facility and a 5.5 billion ringgit Murabahah facility.

The new financing expands on a previously granted 15 billion ringgit loan from 2025, bringing the company's total recent funding commitments to 30 billion ringgit.

Johor Hyperscale Expansion

The loan will be used to fund DayOne's expansion of hyperscale data centre capacity in Johor, Malaysia's key data centre destination. The country has emerged as Southeast Asia's fastest-growing data centre hub, attracting billions of dollars in investment from global technology firms including Amazon, Google and Microsoft.

Bank Consortium

The loan was arranged by a seven-bank consortium that included DBS Group and Standard Chartered, as well as Malaysia's CIMB Group Holdings and Maybank, France's Crédit Agricole CIB, Singapore's Oversea-Chinese Banking Corp and United Overseas Bank.

Sources: Reuters Via Whtc · Reuters · Techmeme