Bain Capital-Owned Bridge Data Gets Record $2.8 Billion Loan
Summary
(Bloomberg) -- Bain Capital-owned data center operator Bridge Data Centres has obtained a $2.8 billion loan for its operations in Malaysia, according to people familiar with the matter, marking the its largest bank financing deal ever. A Malibu Model for Residents on the Fire FrontlinesBridge 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. 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 boom. Companies investing include Microsoft Corp. and ByteDance Ltd.Nine lenders have been appointed as mandated lead arrangers, underwriters and active bookrunners of the Bridge Data loan. The Future of Higher Ed Is in Austin A US Drone Maker Tries to Take Back the Countrys Skies How TD Became Americas Most Convenient Bank for Money Launderers