Seven banks arranged an additional RM15 billion (US$3.7 billion) in financing for DayOne’s data centre development in Johor on 13 October, bringing its financing platform to RM30 billion from the RM15 billion secured in 2025, The Business Times reported.
Key points
- The new financing comprises a US$2.4 billion offshore term loan facility and a RM5.5 billion Murabahah facility.
- CIMB, Credit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB arranged the facilities.
- DayOne filed for a proposed Nasdaq IPO on 6 October, with plans to raise up to US$5 billion.
Seven lenders finance DayOne’s Johor platform
The additional funding combines a US$2.4 billion offshore term loan facility with a RM5.5 billion Murabahah facility. It is intended to support continued development of DayOne’s data centre platform in Johor, Malaysia, rather than the company’s projects elsewhere in its international portfolio.
CIMB, Credit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB are the lenders. They served as mandated lead arrangers, bookrunners and joint co-ordinators of the facility.
The new financing follows RM15 billion in multi-currency funding secured in 2025. The lenders put the combined financing platform at RM30 billion in a joint statement. DayOne’s latest arrangement adds an offshore term loan and a Murabahah facility to the funding available for its expansion.
The amount was reported in two dollar equivalents. The additional RM15 billion was worth $3.67 billion, Reuters reported. The Business Times put the same ringgit financing at US$3.7 billion.
DayOne’s Nasdaq filing precedes 13 October financing
DayOne filed for a proposed Nasdaq initial public offering on 6 October, with plans to raise as much as US$5 billion at a potential valuation of US$20 billion, The Business Times reported. Those figures describe the proposed share sale, separate from the bank financing arranged for Johor.
The company was established in 2022 and has expanded across Asia and Europe. Its operations span Singapore, Malaysia, Indonesia, Finland and Spain. The new borrowing is directed towards its Malaysian data centre platform, while the proposed IPO concerns a potential sale of shares in the company.
For DayOne, the two financing steps concern different sources of capital. Seven lenders have arranged the additional facilities for the Johor project. The Nasdaq filing sets out plans for an equity fundraising of up to US$5 billion, alongside the US$20 billion potential valuation reported for that proposal.
Malaysia’s capacity projection reaches 2030
Malaysia’s data centre supply capacity is projected to grow at a compound annual rate of nearly 39 per cent from 2023, reaching 4.2 to 6.1 gigawatts by 2030, according to Boston Consulting Group data cited by The Business Times. The projection concerns national supply capacity, rather than DayOne’s Johor development alone.
The Business Times reported accelerating Asia-Pacific demand for cloud computing, artificial intelligence and digital services. Johor’s data centre development has attracted significant investment, according to the lenders’ joint statement reported by the newspaper, which pointed to connectivity, infrastructure, skilled workers and access to regional markets.
DayOne’s Johor financing is the addition to a platform that already included the RM15 billion secured in 2025. The company filed its proposed Nasdaq offering on 6 October, a week before the seven-bank financing was reported on 13 October.
