Haoyang signs up to US$590m facility for Thailand data centre
The financing package also includes a baht working-capital line for the project's first phase. Available facilities are not the same as funds drawn.
Haoyang Data Center 1 (Thailand) has signed bank facilities of up to US$590 million plus THB610 million to support the first phase of a Thai data-centre project, according to a 5 November filing by Zhi Sheng Group Holdings. Haoyang is part of a group that Zhi Sheng has agreed to acquire, but that acquisition had not completed when the filing was issued.
The US-dollar term facility is intended to finance or reimburse construction and development costs, while the baht facility provides working capital. The amounts are ceilings under the agreements, not a statement that Haoyang has drawn the full sums. Use of the facilities remains subject to their terms and conditions.
For Thailand's data-centre market, the agreement gives the first phase a defined financing route as developers respond to demand for computing capacity. It does not establish that the campus is complete, operating or generating revenue. Construction progress, loan drawdowns and the status of Zhi Sheng's proposed acquisition remain separate milestones for investors and prospective customers to watch.
