Data Center Firm DayOne Seeks to Boost Loan to Record $7 Billion

DayOne Data Centers Ltd. is seeking to double the size of an existing loan to as much as $7 billion, according to people familiar with the matter, in what would be the largest borrowing for the sector by any firm in Asia.

The deal size would be a leap from the original $3.4 billion-equivalent facility, as the Singapore-based company, once an international affiliate of Chinese data center operator GDS Holdings Ltd., looks for additional funding to expand its operations in Malaysia. It would also add to the mountain of debt these companies are taking on to power their AI ...