Chindata Group successfully closes $500 million syndicated loan
BEIJING, June 24, 2022 (GLOBE NEWSWIRE) — Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading provider of net-neutral hyperscale data center solutions of operators in emerging markets in Asia-Pacific, today announced that the Company successfully completed a $500 million syndicated loan on June 24.
The US$500 million facility has a 3-year term with a 2-year extension option. Credit Suisse AG (Singapore Branch) and Morgan Stanley Senior Funding, INC acted as Mandated Lead Arrangers and Bookrunners. A total of 15 lenders participated in the facility.
Nick Wang, Chief Financial Officer of Chindata Group: “Despite continued market volatility and the ongoing COVID-19 situation, we have successfully secured our funding in a syndicated format. This reflects the attractive fundamentals of the Company and we have further diversified and strengthened our funding channels by having more reliable and solid banking partners on our side. The proceeds will be used to support the development of our project and to pay off one of our existing debts, which should further improve our capital structure and preserve our business momentum in the future.
About Chindata Group
Chindata Group is a leading provider of carrier-neutral hyperscale data center solutions in emerging Asia-Pacific markets and a pioneer in building next-generation hyperscale data centers in emerging markets. from China, India and Southeast Asia, focusing on the entire life cycle of facility planning, investment, design, construction and operation of ecosystem infrastructure in industry computer science. Chindata Group provides its customers with business solutions in major countries and regions of emerging markets in Asia-Pacific, including chain services of asset-intensive ecosystems such as industrial bases, data centers , value-added network and computer services.
Chindata Group operates two sub-brands: “Chindata” and “Bridge Data Centres”. Chindata operates hyper-density computing cluster infrastructure in the Greater Beijing area, the Yangtze River Delta area and the Greater Bay Area, the three major economic areas of China, and has become the engine of regional digital economies. Bridge Data Centres, with its top international industry development and operations talent, has rapid-deployment data center clusters in Malaysia and India, and is seeking business opportunities in other emerging markets in Asia -Peaceful.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “confident”, “potential”, “continues” or other similar expressions. Among other things, the business outlook and management quotes in this announcement, as well as the strategic and operating plans of Chindata Group, contain forward-looking statements. Chindata Group may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the beliefs and expectations of the Chindata Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: Chindata Group’s objectives and strategies; its future business development, financial condition and results of operations; expected growth and competition in the data center and computing market; its ability to generate sufficient capital or obtain additional capital to meet its future capital requirements; its ability to maintain competitive advantages; its ability to maintain and strengthen relationships with major customers and attract new customers; its ability to locate and secure suitable sites for additional data centers on commercially acceptable terms; government policies and regulations relating to the business or industry of the Chindata Group; general economic and business conditions in the regions where Chindata Group operates and globally and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in Chindata Group’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Chindata Group undertakes no obligation to update any forward-looking statements except as required by applicable law.
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