Bridge Data Centres aims to boost loan to $6.6 billion amid AI-driven expansion

Bridge Data Centres, a subsidiary of Bain Capital, is in talks with banks to increase its current borrowing from $2.8 billion to roughly $6.6 billion, potentially making it one of the biggest financing packages for Asian data-centre operators. The move follows a prior effort to lift the loan to at least $5 billion to support its Malaysian operations. Sources say the expanded facility could be offered to the market by November.

Meanwhile, a proposed $6 billion loan for a Thailand-based centre has hit a standstill after the Thai government halted construction of 49 sites over energy-consumption worries. Data-centre firms are piling on debt to scale up amid an AI boom, with Moody’s projecting $3 trillion of investment in the sector over the next five years, much of it debt-financed. Yet signs of investor caution are emerging, exemplified by Firmus Grid’s recent withdrawal from a major Australian IPO due to valuation concerns.