Australian data center operator NextDC is seeking a AU$2.9 billion ($1.9bn) syndicated loan from banks to expand its operations in Asia.
According to Bloomberg, CEO Craig Scroggie confirmed the loan will fund the rollout of nine sites across the APAC region.
This will be combined with the AU$550 million (US$367m) capital raising announced earlier this week.
He said: “The market dynamics are extraordinary, driven by the surging demand for digital infrastructure to support the rapid expansion of cloud and AI technologies across the Asia-Pacific region.”
NextDC currently has sites in planning or under evaluation in Tokyo, Japan; Bangkok, Thailand; Johor and Kuala Lumpur, Malaysia; and Singapore.
The operator received investment approval from Thailand’s Board of Investment to build a new hyperscale facility in Bangkok. Some of the capital raising will be used to develop a facility once a suitable site has been acquired.
The company also has 17 operational sites across Australia. Most recently, NextDC announced the launch of its Adelaide facility.
Earlier this month, Blackstone and CPP acquired APAC operator AirTrunk in a bid to capitalize on Asian data center growth.
