Chindata Group Holdings is in discussions to take out a $2.8 billion loan.
The five year facility would be the Bain Capital-owned business' largest financing deal, Bloomberg reports.
Chindata operates more than 17 data centers across China, Malaysia, India, and Thailand, with its non-Chinese facilities operated by subsidiary Bridge Data Centres.
The company's Chinese hyperscale facilities include sites in Greater Beijing, the Yangtze River Delta around Shanghai, and the Greater Bay Area in the country’s south.
Chindata secured a $490m loan in July, refinancing a $500 million three-year loan from June 2022. The new funding is also expected to be partially used to refinance loans.
The loan will also be used to fund the company's expansion plans in Malaysia. Bridge in May announced a 100MW data center outside Kuala Lumpur, with a planned capacity of up to 500MW.
