Baker McKenzie has advised the lender syndicate comprising of six banks on a THB 28 billion facility for the development of one of Thailand’s largest data center projects. The financing was provided to DayOne Data Centers’ subsidiary in Thailand.
The green loan will be used to finance the development, construction and operation of a multibuilding data center. The financing has also been structured to comply with green loan principles, with proceeds to be applied towards the development satisfying key eligibility criteria.
The financing is bespoke with structural features customary for large scale project financings in the data center sector. This transaction represents continued growth of the digital infrastructure sector in Thailand.
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