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Princeton Digital Group (PDG) plans to raise up to $5 billion in debt this year for data center expansions in India, Indonesia, Malaysia, and Japan, reflecting growing investment in AI infrastructure. The company operates AI data centers across seven Asian markets, with a capacity exceeding 1.8 gigawatts, leveraging long-term customer contracts averaging 10 to 12 years.

A consortium of banks, including Barclays, BNP Paribas, Deutsche Bank, and Standard Chartered, will help finance the loan. PDG's model of borrowing against future revenues is becoming standard in the sector. It has secured over $4 billion for assets in Mumbai, Jakarta, Johor, and Tokyo, with an additional $750 million as a sustainability-linked loan, building on last year's $400 million debt.