Data centre operator BDx secures US$320 million facility from Indonesia banks
It will be used to further develop the AI-focused data centre campus in Jakarta
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[SINGAPORE] Data centre operator BDx Data Centers has secured a US$320 million loan facility from three Indonesian banks – Bank Permata, BCA and KB Bank – on Wednesday (Apr 1).
The decision to engage Indonesian banks for this credit facility rather than international banks was about prudent capital structure optimisation, said Mayank Srivastava, the chief executive officer of BDx.
The company prioritises maintaining a natural hedge within its operations. With revenues and capital expenditure denominated in rupiah, it made commercial sense to align debt obligations.
“This approach mitigates the risks associated with currency volatility and ensures that our growth remains insulated from external macroeconomic fluctuations,” said Srivastava.
Growing capacity
This loan will be used to further develop CGK3, BDx’s artificial intelligence-focused data centre campus in Jakarta, Indonesia.
It will also fund investments to increase the power capacity at the company’s Jatiluhur (CGK4) and Suryacipta (CGK5) campuses.
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CGK3 was purpose-built for high-density compute infrastructure and is one of the first liquid-cooled data centres in Jakarta. CGK4 and CGK5 are being developed to cater to rising demand from the US, regional hyperscalers and AI consumers.
“By securing 1.2 gigawatts of power from the grid, which translates to approximately 850 megawatts of IT capacity, we are positioning ourselves to support the massive requirements of global hyperscalers and local enterprises,” said Srivastava.
Aside from investing in enhancing data centres, part of the loan will be used to refinance existing debt at more favourable terms.
Currently, BDx operates across Asia-Pacific, with data centres in Singapore, Hong Kong and Taiwan; it is actively evaluating opportunities in four additional markets.
The company will focus on Asia-Pacific, where it sees the most significant opportunities.
“We anticipate finalising our entry into two of these new countries within the next 12 to 18 months,” said Srivastava.
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