Narrative
Full Description
Project narrative
On December 8, 2023, GDS Holdings Limited (GDS) signed a $272.12 million (MYR 1.27 billion) syndicated green term loan (facility) agreement with 4 banks — UOB Malaysia, Bank of China (Malaysia) Berhad, OCBC Bank (Malaysia) Berhad and Standard Chartered Bank (Malaysia) Berhad — for Phase 1 of the GDS Nusajaya Tech Park Data Center Project. UOB Malaysia jointly acted as Mandated Lead Arranger and Bookrunner (MLAB). Bank of China reportedly contributed $68.03 million to the syndicate. The purpose of the project is to complete the complete the development of Nusajaya Tech Park (NTP) Data Center Campus Plot 1 (NTP1) in Johor, Malaysia. Phase 1 of the GDS NTP Data Center Campus covers a total net floor area of 30,312 square meters and boasts an IT power capacity of 69.9 MW. The campus utilizes prefabricated infrastructure and liquid-cooling solutions. The implementation of prefabricated design was expected to enable swift delivery of NTP1 within a 14-month timeframe, effectively minimizing construction workload and streamlining the delivery process. At the same time, the adoption of liquid-cooling technology was expected to facilitate a substantial reduction in Power Usage Effectiveness (PUE), thereby bolstering overall energy efficiency. Phase 1 was completed on August 10, 2023.
Staff comments
1. GDS Holdings Limited secured green term loan facility was also awarded the "Best Property Deal" in Southeast Asia at the FinanceAsia Achievement Awards 2023. 2. GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China and Southeast Asia. The company's facilities are strategically located in primary economic hubs where demand for high-performance data center services is concentrated. The company also builds, operates and transfers data centers at other locations selected by its customers in order to fulfill their broader requirements. The company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The company has a 22-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations.