Princeton Digital Gets Green Loan for $1.5 Billion Asia AI Hub

Bloomberg05-07

(Bloomberg) -- Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433094267?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/BhT.j45jh91c.FspVnllfA--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/d4f3f8241e6aa18636a827e744fdf6bc","is_english":true,"pubTime":"2024-05-07 09:29","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2433094267","market":"us","top_or_hot":-1,"title":"Princeton Digital Gets Green Loan for $1.5 Billion Asia AI Hub","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as...</p>\n\n<a href=\"https://finance.yahoo.com/news/princeton-digital-gets-green-loan-012953545.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Princeton Digital Gets Green Loan for $1.5 Billion Asia AI Hub</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrinceton Digital Gets Green Loan for $1.5 Billion Asia AI Hub\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/princeton-digital-gets-green-loan-012953545.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as...</p>\n\n<a href=\"https://finance.yahoo.com/news/princeton-digital-gets-green-loan-012953545.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0061475181.USD","symbol_name":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/princeton-digital-gets-green-loan-012953545.html","article_id":"2433094267","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/BhT.j45jh91c.FspVnllfA--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/d4f3f8241e6aa18636a827e744fdf6bc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433094267","pubTimestamp":1715045393,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.Israel Says a Cease-Fire Plan Backed by Hamas Falls Far Short. At $2 Million Per Minute, Treasuries Mint Cash Like Never Before. Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’。Ex-Trump Controller Says Cohen Repaid From Personal Account. The Warburg Pincus-backed company, which builds and operates server facilities around the region, secured the financing from Maybank, Standard Chartered Plc and United Overseas Bank Ltd. Princeton Digital said the deal marked its first so-called green loan, a form of debt targeted at environmentally friendly projects.In 2022, Princeton Digital raised more than $500 million in a funding round led by Abu Dhabi sovereign investor Mubadala Investment Co., joined by Ontario Teachers’ Pension Plan Board. And i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","MSFT":"微软","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4504":"桥水持仓","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0109392836.USD":"富兰克林科技股A","BK4516":"特朗普概念","BK4528":"SaaS概念","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4554":"元宇宙及AR概念","BK4592":"伊斯兰概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4567":"ESG概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4587":"ChatGPT概念","BK4525":"远程办公概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0171293334.USD":"贝莱德英国基金A2","BK4535":"淡马锡持仓","HUBG":"枢纽","BK4527":"明星科技股","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4579":"人工智能","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD"},"translate_title":"普林斯顿数码获得15亿美元亚洲人工智能中心绿色贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUBG":1,"MSFT":0.9},"content_text":"(Bloomberg) -- Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.\nMost Read from Bloomberg\n\nIsrael Says a Cease-Fire Plan Backed by Hamas Falls Far Short\nAt $2 Million Per Minute, Treasuries Mint Cash Like Never Before\nJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’\nEx-Trump Controller Says Cohen Repaid From Personal Account\nS&P 500 Extends Gains in Final Minutes of Trading: Markets Wrap\n\nThe Warburg Pincus-backed company, which builds and operates server facilities around the region, secured the financing from Maybank, Standard Chartered Plc and United Overseas Bank Ltd. Princeton Digital said the deal marked its first so-called green loan, a form of debt targeted at environmentally friendly projects.\nFrom Microsoft Corp. to KKR & Co., tech firms and financiers are bankrolling data centers across Asia to support an accelerating boom in AI development and services. They’re needed to support an estimated 25% annual increase in demand for the infrastructure that underpins cloud services and generative AI. This month, Microsoft pledged to invest $2.2 billion in Malaysia.\nRead More: KKR, Warburg Plow Into Asia Data Centers on AI, Cloud Boom\nSingapore-based Princeton Digital has said it’s aiming to borrow $1 billion to finance several projects. Founded in 2017, the company develops and operates facilities in China, Singapore, India, Indonesia, Malaysia and Japan. Warburg Pincus invested in and helped set up the company.\nIn 2022, Princeton Digital raised more than $500 million in a funding round led by Abu Dhabi sovereign investor Mubadala Investment Co., joined by Ontario Teachers’ Pension Plan Board. And in May 2023, it agreed to buy land in Malaysia’s southern state of Johor to build that 150-megawatt hyperscale data center, its first in the country.\nThe Johor Bahru region — connected by a causeway to Singapore — is emerging as one of Asia’s rising AI data center hotspots. Nvidia Corp. last year teamed up with local utility YTL Power International Bhd. to build a $4.3 billion AI data center park in the area.\nMost Read from Bloomberg Businessweek\n\nChris Dixon’s Campaign to Overhaul Crypto’s Grifty Reputation\nThe State of Crypto Is Anything But Strong\nWhy Banks These Days Are So Excited About Being Boring\nAI Is Helping Automate One of the World’s Most Gruesome Jobs\nWill GM Regret Kicking Apple CarPlay off the Dashboard?\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433094267"}