STT GDC is reportedly in talks for a US$2.4 billion loan

The Singapore-based data center operator is reportedly in talks with banks including Standard Chartered, UOB, OCBC and DBS for a S$3.1 billion (US$2.4 billion) syndicated loan. The proposed three-year borrowing reportedly would pay an interest margin of 165 basis points over the Singapore Overnight Rate Average, with an option to extend it by up to two years. A group led by KKR and Singtel completed its acquisition of STT GDC in September.