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Singapore-based data center operator STT GDC is in talks with banks for a $2.4 billion syndicated loan to support its AI infrastructure development. The loan has a three-year term, an interest rate 165 basis points above the benchmark Singapore overnight rate, and includes an option to extend for up to two years. Global AI-related debt financing has exceeded $650 billion since the beginning of 2025, and Moody's expects data center-related investments to reach at least $3 trillion over the next five years.