Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 299

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 299
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 December 31, 2024, our company was in compliance with all of the abovementioned covenants.

As of December 31, 2024, we had total working capital and project financing credit facilities of RMB29,318.6 million (US$4,016.6 million) from various financial institutions, of which the unused amount was RMB3,316.8 million (US$454.4 million). As of December 31, 2024, we had drawn down RMB26,001.8 million (US$3,562.2 million) under these loan facilities, of which RMB1,793.9 million (US$245.8 million), net of debt issuance costs of RMB3.8 million (US$0.5 million) was recorded in short-term borrowings and RMB24,141.0 million (US$3,307.3 million), net of debt issuance costs of RMB63.1 million (US$8.6 million), was recorded in long-term borrowings, respectively. Drawdowns from these credit facilities are subject to the approval of the relevant lending financial institution and are subject to the terms and conditions of each loan agreement.

Below is a summary of the abovementioned secured and unsecured borrowings, which are in RMB and USD denominations:

RMB Loans

                        Total Credit Facility as of                Total Drawdown Amount as of                
  Purpose               December 31, 2024 (RMB (US$) million)      December 31, 2024 (3) (RMB (US$) million)  
  Data Centers (1)      27,323.3 ($3,743.3)                        24,006.5 ($3,288.9)                        
  Corporate (2)         366.4 ($50.2)                              366.4 ($50.2)                              

USD Loans

                        Total Credit Facility as of          Total Drawdown Amount as of          
  Purpose               December 31, 2024 (US$ million)      December 31, 2024 (3) (US$ million)  
  Data Centers (1)      26.6                                 26.6                                 
  Corporate (2)         200.0                                200.0                                

(1)Refers to loans for which the use of proceeds is for development and acquisition of new data centers and related operating costs.

(2)