Singapore-based data centre operator Princeton Digital Group ( PDG ) aims to raise up to US$5 billion in debt financing this year to fund its contracted capacity in Asia.

The planned financing will support the delivery of PDG’s rapidly expanding hyperscale platform across the region, where the company currently operates across seven markets with a total portfolio exceeding 1.8 gigawatts.

As part of this plan, PDG has successfully closed a US$350 million debt financing, expanding the US$400 million HoldCo ( holding company ) loan secured in May 2025 and increasing the total facility to US$750 million.

The consolidated facility has been converted into a sustainability-linked loan, aligning pricing with defined operational and sustainability performance targets.

The US$350 million financing was secured from a consortium of global banks, including Barclays, BNP Paribas, Deutsche Bank, HSBC, SMBC, Société Générale, and Standard Chartered.

The expanded facility will fund capacity currently under development and the continued buildout of new campuses, supporting PDG's recent hyperscale customer commitments.

PDG co-founder and chief executive officer Rangu Salgame comments: "Our business momentum and delivery excellence continue to strengthen confidence among our capital partners. The expansion of our HoldCo facility reflects continued support for our execution discipline and track record across markets.

"As we continue to secure large-scale capacity and win new business, we are building our capital structure in step. Converting the facility into a sustainability-linked structure further demonstrates our commitment to embedding sustainability metrics into our capital framework."