By Megan Cheah
Singapore-based data center operator DayOne Data Centers has secured 500 million euros in financing from investment company Brookfield Asset Management and an undisclosed sovereign investor to scale its data-center platform.
The mezzanine financing facility can be increased to 1 billion euros, equivalent to $1.17 billion, subject to mutual agreement, DayOne said Thursday.
The company said it will initially use the proceeds to fund the rollout of its developments in Finland, with potential allocations to other growth markets to capture artificial-intelligence and cloud-infrastructure demand.
The facility has a seven-year tenor and provides strategic flexibility to support both organic expansion and new-build programs, it said.
The facility supports the continued build-out of DayOne's global platform and aligns with the scale and pace of digital infrastructure required by its customers, Chief Executive Jamie Khoo said.
DayOne's data-center developments span markets including Singapore, Malaysia, Japan, Hong Kong and Finland.
The company previously raised $1.9 billion across its Series A and Series B equity rounds. In August, DayOne announced a 1.2 billion-euro investment commitment in Finland, where it plans to have nearly 300 megawatts of data-center capacity.
New York-headquartered Brookfield, which has over $1 trillion in assets under management, is raising $10 billion in a new AI infrastructure fund, The Wall Street Journal reported in November. U.S. chipmaker Nvidia and sovereign wealth fund Kuwait Investment Authority planned to invest in the fund as founding partners.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
12-04-25 0447ET
