BlockBeats, citing unnamed people familiar with the matter, reported that Singapore data-center operator STT GDC is in talks with banks for a S$3.1 billion syndicated loan, or about $2.4 billion.
Reported terms
The loan was described as having a three-year term, pricing 165 basis points above the Singapore Overnight Rate Average (SORA), with an extension option of up to two years. The proceeds would be used to finance STT GDC assets.
Talks are not a completed transaction
The report says STT GDC is in discussions with banks. It does not say the loan has been signed, drawn or otherwise completed, and it names neither the banks nor the underlying sources.
Source: BlockBeats English flash, published Nov. 2, 2026.