KKR, Singtel group seek $5 billion loan for STT GDC buyout: Sources

Straitstimes
2025.11.11 02:45
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A consortium of KKR & Co. and Singtel is negotiating a $5 billion loan with banks to finance the acquisition of ST Telemedia Global Data Centres (STT GDC). The deal may be structured as a bridge facility, split between a term loan and revolving credit. If completed, it could become Asia's largest leveraged buyout in the data center sector, driven by increasing demand for cloud services. STT GDC operates over 100 facilities across 20 markets, including India and South Korea, and KKR and Singtel currently hold minority stakes in the company.

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