Seven banks add RM15 billion to DayOne's Johor data centre financing, taking it to RM30 billion
Seven banks have added RM15 billion (US$3.7 billion) to DayOne's Johor data centre financing, bringing the platform to RM30 billion. The lenders disclosed it on October 13, a week after DayOne filed for a Nasdaq IPO.
The Engineer · Build desk
Key figures: DayOne's SEC filing reports $4.9 billion in outstanding debt as of June 30, 2026. Seven lenders added financing of US$3.7 billion. DayOne's proposed Nasdaq IPO plans to raise as much as US$5 billion.
| Figure | Value | Note | Claim |
|---|---|---|---|
| Outstanding debt per SEC filing, as of June 30, 2026 | $4.9 billion | 15 | |
| Financing added by seven lenders | US$3.7 billion | 1 | |
| Proposed IPO raise, up to | US$5 billion | 3 |
What happened
- CIMB, Credit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB are the seven lenders, acting as mandated lead arrangers, bookrunners and joint co-ordinators.
- The new tranche sits on top of RM15 billion of multi-currency financing that DayOne secured in 2025.
- Runtimewire, which lists Reuters as its primary source, says DayOne's SEC filing reports rapid revenue growth and a widening first-half loss.
Why it matters
- Who's exposed exposure Runtimewire says DayOne's construction pipeline is larger than its operating capacity, so the new tranche is funding sites that still have to be built and then filled.
- Who has to decide decision The Nasdaq offering, which Business Times says could raise up to US$5 billion at a potential US$20 billion valuation, will be priced with both bank tranches already in place.
- What it sets up precedent Lenders have committed RM15 billion to this Johor platform twice, in 2025 and again now. That shows appetite for one borrower. A broader read on Southeast Asian lending would need other deals.
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The tranche is two instruments, and the figures reconcile. RM15 billion over US$3.7 billion implies about RM4.05 to the dollar [10]. At that rate the US$2.4 billion term loan is roughly RM9.7 billion [4][11]. Add the RM5.5 billion Murabahah facility [4] and the total is about RM15.2 billion, which matches the headline within rounding [11]. The ringgit facility is about 37% of the tranche [12].
Commitments are not balances. At the same implied rate, the RM30 billion platform [5] comes to about US$7.4 billion [13]. Runtimewire reports that the SEC filing puts outstanding debt at $4.9 billion on June 30, 2026 [15]. The new tranche was disclosed in October [5], after that date. The sources do not say how much of either tranche is drawn, what the loans cost, or whether all of the $4.9 billion sits inside this platform. Until they do, the two figures cannot be netted into headroom or leverage.
In their joint statement the lenders say the transaction "reinforces Malaysia's position as a leading regional digital infrastructure hub" [9]. The quantified case in Business Times is a Boston Consulting Group projection: Malaysian supply capacity growing at nearly 39% a year from 2023, to 4.2 to 6.1 gigawatts by 2030 [8]. Run that back seven years and the 2023 base is about 0.4 to 0.6 gigawatts [14]. The forecast is a roughly tenfold build.
It is a forecast of capacity delivered. For it to protect a lender, tenants have to sign leases as fast as the megawatts arrive.
What to watch
- Whether DayOne's IPO documents disclose how much of each RM15 billion tranche is drawn, and at what pricing and tenor.
- Whether the Nasdaq prospectus ties offering proceeds to repaying or replacing these bank facilities.
- Whether operating capacity in DayOne's next reported period closes the gap with its construction pipeline, as Runtimewire frames the test.
Clarity's read
What the record supports and how the coverage leans. The claims behind it follow.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+15
- Incentives58
- Confidence66
Perspective Coverage
3 publishers- Builder
- Builder 18%
- Operator
- Operator 30%
- Investor
- Investor 52%
Claim ledger
Ranked by verification strength, evidence, and original report placement.
- [1]
A consortium of seven lenders arranged expanded multi-currency financing of RM15 billion (US$3.7 billion) for DayOne to support continued development of its data centre platform in Johor, Malaysia.
- [2]
CIMB, Credit Agricole CIB, DBS, Maybank, OCBC, Standard Chartered and UOB are the seven lenders, acting as mandated lead arrangers, bookrunners and joint co-ordinators.
- [3]
DayOne filed for a proposed Nasdaq initial public offering in the US on Oct 6, with plans to raise as much as US$5 billion at a potential valuation of US$20 billion.
- [4]
The additional amount consists of a US$2.4 billion offshore term loan facility and a RM5.5 billion Murabahah facility.
- [5]
Together with the RM15 billion multi-currency financing secured in 2025, the financing platform now stands at RM30 billion, according to a lenders' joint statement noted on Tuesday, Oct 13.
- [6]
DayOne has a construction pipeline larger than its operating capacity, and turning committed capacity into operating sites is the test facing CEO Jamie Khoo's expansion plan.
- [7]
The financing was disclosed seven days after DayOne's Nasdaq IPO filing.
- [8]
Malaysia's data centre supply capacity is projected to grow at a nearly 39 per cent compound annual rate from 2023, reaching 4.2 to 6.1 gigawatts by 2030, based on Boston Consulting Group data.
- [9]
The lenders' joint statement says the transaction "reinforces Malaysia's position as a leading regional digital infrastructure hub".
- [10]
The implied exchange rate in the tranche headline is about RM4.05 per US dollar.
- [11]
At the implied rate the US$2.4 billion term loan is about RM9.7 billion, and with the RM5.5 billion Murabahah facility the total is about RM15.2 billion, matching the RM15 billion headline within rounding.
- [12]
The RM5.5 billion Murabahah facility is about 37% of the RM15 billion tranche by face value.
- [13]
If converted at the same implied rate, the RM30 billion platform is about US$7.4 billion. The sources do not give a dollar value for the 2025 tranche.
- [14]
Backing out a 2023 base from 4.2 to 6.1 gigawatts in 2030 at a 39% annual rate over seven years gives about 0.42 to 0.61 gigawatts, a roughly tenfold build.
- [15]
DayOne's SEC filing reports rapid revenue growth, a widening first-half loss and $4.9 billion in outstanding debt as of June 30th, 2026.
Sources
3 independent publishers whose own reporting we read for this story.
- businesstimes.com.sgDayOne Johor data centre financing grows to RM30 billion - The Business Times
1 article · October 12, 2026
- datacenterdynamics.comDayOne secures $3.67bn in funding for Malaysia expansion
1 article · October 13, 2026
- runtimewire.comDayOne secures $3.7B in debt for its Johor data center buildout
1 article · October 12, 2026
Topics and entities
Topics
- Tech IPOs
- Data centre financing and asset classification
- Malaysia data centres
Entities
- DBS
- Nasdaq
- OCBC
- Crédit Agricole CIB
- DayOne
- Standard Chartered
- Boston Consulting Group