Digital Edge Closes $575M Loan for Asia Data Center Expansion

Singapore-based data center operator Digital Edge closed its first US$575 million holding company loan on May 22 to expand across Asia Pacific. The company attributed the financing to rising demand for hyperscale and AI-ready facilities in the region. Digital Edge is backed by US investor Stonepeak and plans to deploy the capital across South Korea, Japan, India, and Southeast Asia.

Financing Structure and Lenders

Clifford Capital, Deutsche Bank, MUFG, Sumitomo Mitsui Banking Corp, and Standard Chartered led the financing, with BNP Paribas and Stonepeak Credit as co-leads. The loan includes a conversion option to become a sustainability-linked facility if Digital Edge and its lenders agree on performance targets.

Deployment Strategy Across Asia Pacific

Digital Edge plans to deploy the $575 million across multiple markets in the region. The company is advancing a US$2 billion project for a newly built 300-megawatt hyperscale facility in Navi Mumbai, India. In Indonesia, Digital Edge is funding the CGK Campus, a 500-megawatt AI-ready hyperscale data center campus in Bekasi with room to scale to 1 gigawatt, with a total commitment of US$4.5 billion.

Across its platform, Digital Edge has more than 500 megawatts of critical IT load in service, under construction, or in development, plus another 300 megawatts reserved for future projects.

Broader Funding Ecosystem

The $575 million loan sits within Digital Edge's larger funding pool. The company has previously raised more than US$1.6 billion in equity and debt to expand its platform.

Digital Edge works with Peak Energy, another Stonepeak portfolio company, on renewable power projects. The initial pipeline targets 500 megawatts of operating capacity and supports the decarbonization of up to 1 gigawatt of power.

Stonepeak is also funding other large Asia Pacific platforms, including a US$1.3 billion preferred equity investment in Princeton Digital Group, a data center operator.