KUALA LUMPUR (Nov 4): Princeton Digital Group (PDG) has secured US$1.3 billion (RM5.3 billion) in green financing for its JH1 campus in Johor.

The financing is underwritten by six banks, namely Affin Bank, HSBC, Maybank, OCBC, Standard Chartered and UOB. 

It builds on the financing secured for earlier phases of the JH1 campus, which was first secured from three banks in April 2024, and subsequently upsized with four banks in October 2025. 

Proceeds will be used to finance the continued development and expansion of the campus. 

Structured under PDG's Green Finance Framework, the financing supports the development of JH1 in accordance with recognised green building standards. 

The transaction contributes to PDG's plan, announced in March 2026, to raise up to US$5 billion in debt financing to fund the delivery of contracted data centre capacity across Asia-Pacific. 

"This financing reflects the confidence of our banking partners, several of whom have supported JH1 since its earliest phases, in PDG's execution capabilities and deep hyperscaler partnerships," said PDG chairman, chief executive officer and co-founder Rangu Salgame in a statement on Wednesday.

Located in Sedenak Tech Park, JH1 is a 200MW campus designed to support high-density artificial intelligence (AI) and cloud workloads.