Bain Capital-Owned Bridge Data Gets Record $2.8 Billion Loan [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Bridge Data is a unit of Wintrix, formerly known as Chindata Group Holdings Ltd., the Chinese data center operator that Bain Capital took private in 2023 in a deal worth about $3.2 billion. The loan carries a five-year tenor and is being syndicated to the broader market, said the people, who asked not to be identified discussing private matters. Proceeds of the facility will be used to refinance some existing facilities and fund expansion in Malaysia, the people added. A spokesperson for Bain Capital declined to comment. The loan comes after competitor DayOne, formerly known as GDS International, launched a record $3.4 billion-equivalent facility to the market also for its data center operations in Malaysia. The deals highlight the vast financing needs for the sector as firms in the region look to meet the growing demand for services linked to artificial intelligence. The state of Johor, which borders Singapore, has been a major beneficiary of this
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