Bain Capital-owned Bridge Data Centres, a data center operator, has secured a $2.8 billion loan for its Malaysian operations, marking its largest bank financing deal. This company is part of Wintrix, formerly known as Chindata Group Holdings Ltd., which Bain Capital privatized in 2023 for around $3.2 billion.

The loan, spanning five years, is being offered to the wider market and will be used to refinance existing facilities and support expansion in Malaysia. Meanwhile, DayOne, previously known as GDS International, also recently launched a substantial $3.4 billion-equivalent facility for its Malaysian data center operations. These transactions underscore the significant funding requirements in the industry as companies in the region strive to meet the rising demand for artificial intelligence-related services.

Johor, a state bordering Singapore, has reaped significant benefits from this growth, with numerous projects completed, under construction, or awaiting approval. Big names like Microsoft Corp. and ByteDance Ltd. are among the companies investing in the region. The loan from Bridge Data Centres has nine lenders serving as mandated lead arrangers, underwriters, and active bookrunners.