BDx Secures $320 Million Loan to Expand Data Center Park in Indonesia
BDx Data Center has secured a $320 million loan from a consortium led by three Indonesian banks—Permata Bank, BCA Bank, and KB Bank—to fund the company’s ongoing development of data centers in Indonesia.
The proceeds from this loan will be used for the ongoing development of BDx’s AI-dedicated data center park in Jakarta, which was inaugurated last September. This purpose-built facility is designed to support advanced, high-power AI workloads being adopted by enterprises and hyperscale companies. It is one of the first data center parks in Indonesia to deploy liquid cooling technology.
The Singapore-based data center operator also revealed in a Wednesday statement that the loan would be used to expand the high-voltage grid capacity of its CGK4 campus in Jatiluhur and CGK5 campus in Suryacipta to 1.2 GVA.
The development of these three parks aims to meet the growing demand from hyperscale enterprises and AI clients in the U.S. and the region.
BDx stated that Indonesia is one of the most dynamic digital growth markets in Southeast Asia, “the company’s investment in energy-efficient facilities focuses on long-term resilience and sustainable growth, aligning with the region’s accelerating adoption of AI and cloud computing trends.”
Mayank Srivastava, CEO of BDx, stated, “This financing represents strong confidence in BDx’s vision and our role in driving the next generation of digital and AI-driven growth in Asia.”
Srivastava added, “By investing in AI-optimized liquid cooling infrastructure, high-voltage power platforms, and scalable campus solutions, we are developing next-generation infrastructure for ‘AI factories’ designed to handle ultra-high-density GPU workloads.”
Optimize capital structure
Meanwhile, BDx stated that a portion of the loan proceeds would be used to refinance existing debt at more favorable interest rates.
According to reports, the data center operator chose Bank Indonesia over international banks to provide this latest credit line, as it pertains to optimizing the company’s capital structure.
The company prioritizes maintaining natural hedging in its operations. Given that both revenue and capital expenditures are denominated in Indonesian Rupiah, it is commercially reasonable to align debt obligations accordingly.
Srivastava told Business Times, “This approach can reduce risks associated with currency fluctuations and ensure our growth remains unaffected by external macroeconomic volatility.”
Reports indicate that BDx is currently evaluating four additional markets in the Asia-Pacific region for its data center operations, including Singapore, Hong Kong, and Taiwan.
Srivastava stated, “We anticipate finalizing plans to enter two of these new countries within the next 12 to 18 months.”