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A seven-bank consortium has added RM15 billion, about US$3.67 billion, to DayOne's Johor data center financing, lifting the Singapore-headquartered operator's debt platform in Malaysia's southern state to RM30 billion, or roughly US$7.3 billion. The lenders set out the upsizing in a joint statement issued on Tuesday, reported by The Business Times. The new money comprises a US$2.4 billion offshore term loan facility and an RM5.5 billion Islamic facility structured under the Murabahah principle.
Wide landscape exterior shot of DayOne's Nusajaya data center facility in Johor, Malaysia.
CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB act as mandated lead arrangers and bookrunners. CIMB says it is the largest financier across the combined RM30 billion of arrangements, while Maybank is the largest provider of ringgit-denominated Islamic commitments, [according to The Edge Malaysia](https://theedgemalaysia.com/node/821592). [Data Center Dynamics reports the same US$2.4 billion and RM5.5 billion split](https://www.datacenterdynamics.com/en/news/dayone-secures-367bn-in-funding-for-malaysia-expansion).
The proceeds are earmarked for hyperscale capacity in Johor rather than for new markets.
DayOne began in 2022 as the international arm of Chinese operator GDS, adopting its current name in January 2025. It operates in Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland and Spain, and is led by chief executive Jamie Khoo.
Johor is where the growth sits. In a Form F-1 filed with the US Securities and Exchange Commission on October 5 for a Nasdaq listing, DayOne disclosed that Malaysia generated 87% of first-half 2026 revenue and that ten Johor customers account for about 1.4GW of bookings. Total booked capacity reached 2.3GW as of September 20. The company seeks up to US$5 billion at a valuation near US$20 billion, The Business Times reported.
Lenders cast the upsizing as a regional bet. "The successful upsizing will support the platform's next phase of hyperscale expansion, reflecting continued confidence in Johor's emergence as a leading digital infrastructure hub," said Elaine Lam, head of global corporate banking at OCBC. Jasmine Zhang, Crédit Agricole CIB's head of telecom finance for Asia-Pacific, said Malaysian data center capacity is projected to grow at a compound annual rate of nearly 39% from 2023, reaching between 4.2GW and 6.1GW by 2030.
Loans are not the only channel open to the operator. Reuters has reported DayOne is in early talks over a possible US$500 million bond.
Baxtel tracks 193 data center facilities in Malaysia, operated by 69 providers, with 79 of them in Johor and 24 of those under construction. DayOne's own Johor pipeline includes the Kempas Tech Park campus now being built.
The money matters less than who is underwriting it. DayOne now runs three capital channels at once: a RM30 billion bank platform, a US$5 billion US listing and a prospective bond, all pointed at one state. With about 1.4GW booked in Johor, credit is no longer the constraint. Power supply, land and delivery speed are.
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