![Milbank LLP [Lauren Beattie]](https://www.milbank.com/a/web/3RQcZFz5a5sQmU2WSXWh5n/9p2Zo1/beattie-lauren-lon-web.jpg "Milbank LLP [Lauren Beattie]")
Milbank LLP represented the finance parties, including Clifford Capital, Crédit Agricole Corporate and Investment Bank, DB International (Asia) Limited, Kiatnakin Phatra Bank Public, Standard Chartered Bank (Singapore) Limited, Sumitomo Mitsui Banking Corporation and The Hongkong and Shanghai Banking Corporation Limited, in connection with the $560 million greenfield project financing of an up to 102.6 MW hyperscale data-center campus in EEC, Thailand.
The project is being developed by True IDC, a leading Thai data center and cloud service provider backed by Charoen Pokphand Group (CP Group) and Global Infrastructure Partners, a part of BlackRock (GIP). This transaction marks GIP’s first venture into greenfield data-center development in Thailand and represents a significant step in the partnership between CP Group and GIP in the data-center business.
“We are excited to continue working on important transactions throughout the data center value chain. Transactions like this one reflect the depth of our experience at the intersection of energy, real estate and digital technology,” commented Milbank partner James Orme.
“This transaction marks a significant milestone in the development of critical digital infrastructure within the region and will help support the growing demand for data processing capacity in Thailand,” said Milbank partner David Zemans.
The multidisciplinary Milbank team was led by Global Projects, Energy and Infrastructure Finance Group partners James Orme and David Zemans and special counsel Rosaline Yusman. Transportation and Space partners John Beahn and Bijan Ganji in Washington, DC and Alternative Investments partner James Warbey and Tax Partner Alan Rafferty in London also provided partner support. The team included of counsel Desiree Woo and special counsels Pinky Mehta and Robert Wyse Jackson, as well as associates David Zhu, Deirdre Swift, An Guo, Kris Singh, Clayton Melton, Lauren Trushin, Cara Cavanaugh, Lauren Beattie, Freddy Pilkington, and trainees Eamon MacDonald and Archie Hunt.
Milbank’s Digital Infrastructure Practice Group is the leading legal advisor driving digital infrastructure transactions across the entire value chain — from GPU procurement to powered land, data centers, buy-side/sell-side and capital raises (debt/equity) throughout the capital stack. In 2025, Milbank will have had the lead legal role in over $100 billion of digital-focused transactions, including several of the largest capital markets, project finance, real estate and M&A transactions to date, including award-winning data center transactions in Asia-Pacific such as Yondr Group’s hyperscale data center project in Johor, Malaysia, AdaniConneX's US$1.5 billion financing for the development of data centers in Pune and Hyderabad in India, as well as EdgeConneX’s US$403.8 million Indonesian Hyperscale Data Center Financing.
