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DayOne Secures $3.67bn Multicurrency Financing for Malaysia Data Center Expansion

By: IDCNOVARegion: Southeast Asia
DayOne has secured a combined $3.67 billion in multicurrency financing to fund its planned data center buildout in Malaysia, as the Southeast Asian nation continues to attract large-scale digital infrastructure investment.

The financing package was arranged by seven lenders — CIMB, Crédit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered, and UOB — underscoring the broad institutional appetite for data center assets in the region. The facility comprises a $2.4 billion offshore term loan and a 5.5 billion ringgit ($1.35 billion) Murabahah facility, reflecting the growing use of Shariah-compliant structures in large-scale infrastructure financing in Malaysia.

The new funding adds to the RM15 billion ($3.67 billion) multicurrency financing that DayOne secured in June 2025, further strengthening the company's capital base as it accelerates its regional expansion. The move comes as DayOne prepares to launch an Initial Public Offering on the Nasdaq market.

In its IPO prospectus, the company disclosed that it had 962MW of capacity in service as of September 20, up from 675MW in June, while 1.3GW of capacity is currently under construction — an increase from 1.1GW in June — with delivery expected by December 2028.

In Malaysia, DayOne operates two facilities in Johor: one at the Nusajaya Tech Park and another at the Kempas Tech Park, offering a combined 120MW across the two sites. The company has also expanded its land bank in recent months, acquiring land in Selangor from Malaysian property developer Mah Sing and purchasing 65 acres in Johor from property group Paragon Globe earlier this year. In September, DayOne announced it was working with NB Power Generation, a subsidiary of Malaysian electrical utility TNB, to explore the development of an up to 1.5GW on-site generation solution for its in-development data center in Selangor.

The financing follows a series of major capital raises by DayOne, including $4.5 billion in Series C equity financing in June of this year and $2 billion in January. The scale of these fundraises highlights the intense capital requirements of the data center sector, where operators are racing to build capacity to meet surging demand for cloud computing and AI workloads across Southeast Asia.