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 carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the Company has successfully closed a $500 million syndicated loan on June 24th.

The US$500 million facility has a 3-year tenor with a 2-year extension option. Credit Suisse AG (Singapore branch) and Morgan Stanley Senior Funding, INC acted as Original Mandated Lead Arrangers and Book runners. A total of 15 lenders participated in the facility.

Nick Wang, CFO of Chindata Group: “Despite ongoing volatile markets and the persistent COVID-19 situation, we have successfully secured our financing in a syndicated format. It reflects the attractive fundamentals of the Company and we’ve further diversified and strengthened our financing channels by having more trusted and strong banking partners on board. The proceeds will be used to support our project development and to repay one of our existing debt, which is expected to further improve our capital structure to and to safeguard our healthy business momentum going forward.”

About Chindata Group

Chindata Group is a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets and a first mover in building next-generation hyperscale data centers in China, India and Southeast Asia markets, focusing on the whole life cycle of facility planning, investment, design, construction and operation of ecosystem infrastructure in the IT industry. Chindata Group provides its clients with business solutions in major countries and regions in Asia-Pacific emerging markets, including asset-heavy ecosystem chain services such as industrial bases, data centers, network and IT value-added services.

Chindata Group operates two sub-brands: "Chindata" and "Bridge Data Centres". Chindata operates hyper-density IT cluster infrastructure in the Greater Beijing Area, the Yangtze River Delta Area and the Greater Bay Area, the three key economic areas in China, and has become the engine of the regional digital economies. Bridge Data Centres, with its top international development and operation talents in the industry, owns fast deployable data center clusters in Malaysia and India, and seeks business opportunities in other Asia-Pacific emerging markets.