Warburg-Backed PDG to Raise $5 Billion in Debt for Data Centers

Singapore’s Princeton Digital Group plans to raise as much as $5 billion in debt this year to fund a data center buildout across several countries in Asia, another sign of the capital pouring into expanding artificial intelligence infrastructure.

The planned financing will support facilities in India, Indonesia, Malaysia and Japan, the company said in a statement on Wednesday. The Warburg Pincus-backed firm operates AI data centers in seven Asian markets, with a portfolio exceeding 1.8 gigawatts of capacity.