That's a lot of faith in one company's buildout.
The lenders include CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered, and UOB. Of the funding, $2.4bn was from an offshore term loan facility and a RM5.5 billion ($1.35bn) Murabahah facility. I read that split as a sign of how carefully the lenders structured their exposure.
The funding joins DayOne's RM15 billion ($3.67bn) multicurrency financing that was secured in June 2025. DayOne is currently preparing to launch an Initial Public Offering on the Nasdaq market.
In its IPO prospectus, the company revealed that it had 962MW of capacity in service as of September 20, up from 675MW in June. It has 1.3GW of capacity currently under construction, compared to 1.1GW in June, and said it expects to deliver this by December 2028.
In June of this year, DayOne secured $4.5bn in Series C equity financing, and $2bn in January. I read that as a balance sheet that is getting crowded, and the debt adds another layer of obligation.
I read this as a sign of how data center developers are tapping global capital to fund rapid expansion, and the lenders are willing to go along for now.
The question for any lender is what they asked for in return.