Data Center Operator Princeton Seeks $400 Million Private Loan

Princeton Digital Group, a Singapore-based data center operator, is seeking a $400 million private-credit loan, as investors chase opportunities fueled by the boom in artificial intelligence.

The proceeds would be used to fund capital expenditure and refinance existing debt, according to people familiar with the matter, who asked not to be identified because the matter is private. The loan will carry a four-year tenor, the people said.

Princeton Digital didn’t respond to requests for comment.

Data center firms are increasingly tapping funding sources beyond banks as traditional lenders face challenges in keeping up with the rapid pace of ...