STT GDC Seeks $2.4 Billion Loan as AI Data Centre Demand Grows

STT GDC is seeking a $2.4 billion loan from lenders, Bloomberg reported, a fundraising that highlights how the artificial intelligence-driven data centre buildout is drawing ever larger financing packages from banks and credit funds.

Data centre operators worldwide are racing to add capacity to serve AI workloads, and the capital required for land, power and cooling has pushed borrowing well beyond what the sector raised in earlier expansion cycles. Financing conversations that once centred on a single campus now frequently involve portfolios of sites and multi-billion dollar facilities.

The reported facility would add to a growing pipeline of debt raised by digital infrastructure companies, which have turned increasingly to syndicated bank loans and private credit as construction timelines shorten. Lenders have been receptive, viewing long-term contracts with cloud and enterprise tenants as relatively stable collateral, though concerns about power availability and construction delays persist.

Terms of the STT GDC financing, including pricing and the use of proceeds, were not disclosed in the report, and the company has not commented publicly. If completed, the loan would underscore how AI demand is reshaping capital flows toward data centre developers.