BDx Data Centers: BDx secures loan to buy Singapore data center freehold

Mar 09, 2024 | Posted by Abdul-Rahman Oladimeji

BDx Data Centers this week announced its Singapore loan market debut with a US$155 million facility from DBS Bank and OCBC. Most of the secures financing will be used to acquire the freehold of OneTen Paya Lebar, the site of BDx’s flagship SIN1 data center. The remaining amount will be diverted towards  general corporate purposes and other regional plans.

Mayank Srivastava, CEO of BDx, said the loan “empowers us to secure our long-term operations in Singapore and enhance our service offerings. This financial milestone is a testament to our robust fiscal management and the trust placed in us by financial institutions. We are committed to leveraging this opportunity to drive innovation, support our customers’ growing needs, and contribute to the digital economy’s infrastructure.”

Elaine Lam, head of global corporate banking at OCBC, added: “One of our key strategic priorities is to capture opportunities from the growth of new economy sectors such as cloud software and data center companies. Our participation in BDx’s debut Singapore loan facility underscores our belief in BDx’s potential to grow the data center sector and help support Singapore’s digital economy.”