Chindata in talks for $2.8bn loan for expansion

By Yahoo! Finance   |   1 year ago
Chindata in talks for $2.8bn loan for expansion

Chindata Group, owned by Bain Capital, is negotiating a potential $2.8bn loan with undisclosed lenders for business expansion and debt refinancing. The move aims to meet increasing demand for AI services, with a recent $490m loan secured for data storage needs in Asia.

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