Maples Group Advises on US$900 Million Loan Facility for Data Centre Development
Maples and Calder, the Maples Group’s law firm, is pleased to have advised a consortium of seven financial institutions, including DBS Bank, Deutsche Bank, Global Infrastructure Partners (a part of Blackrock), HSBC, International Finance Corporation, ING, and Natixis CIB, on the secured financing of more than US$900 million to fund the construction and initial operation of Yondr Group’s 98MW data centre development in Johor, Malaysia. The project, situated on a 72.5-acre site and located in the city’s Sedenak Tech Park, is set to deliver 300MW of critical IT capacity. Once completed, it will be the largest hyperscale data centre campus in Southeast Asia.
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Yondr Group is a global developer, owner and operator of hyperscale data centers that delivers complex data centre capacity needs for the world’s largest technology companies.
A team based in the firm’s Hong Kong and Singapore offices acted as British Virgin Islands counsel to the consortium of lenders. The team was led by Asia Regional Managing Partner, Michael Gagie and Finance Partner Lorraine Pao with assistance from Legal Manager Michael Leung.
Commenting on the transaction, Michael said “We are delighted to support this financing transaction which represents a landmark development for Yondr Group and marks a significant step forward in the region’s digital infrastructure development.”
Milbank Singapore Office acted as lead counsel to the lenders.