AirTrunk

AirTrunk seals A$16 billion refinancing, plans fresh sales to fuel expansion

The firm is considering private placements, M&A and asset-backed bonds

AirTrunk will partner technology companies to develop the new data centre, which will be sited in Loyang – where its first data centre AirTrunk SGP1 (above) is located.

Blackstone-backed AirTrunk secures S$2.3 billion green loan for second Singapore hyperscale data centre

The green loan has the option of conversion to a sustainability-linked loan, where interest rates vary based on the borrower’s ability to achieve sustainability performance indicators

AirTrunk is in the process of wrapping up a separate US$2.8 billion-equivalent sustainability-linked loan.

AirTrunk seeks S$2.2 billion loan to build Singapore data centres

Artificial intelligence advances are fuelling demand for data centre fundraisings in Asia, a region that has seen a series of record-breaking loans

The acquisition is Blackstone’s biggest-ever investment in the Asia-Pacific region, outweighing its A$8.9 billion takeover of Australian casino operator Crown Resorts in 2022.

Blackstone to Acquire Australia’s AirTrunk in A$24 billion deal

The deal includes debt and capital expenditure for committed projects

The New York-based alternative asset manager and AirTrunk owners Macquarie Group and PSP Investments are negotiating the final details of a transaction that could be signed as soon as this week.

Blackstone said to be near US$13 billion deal to acquire AirTrunk

Blackstone is the preferred buyer for AirTrunk after outbidding other rival bidders

Blackstone is competing with a separate consortium that includes IFM Investors, DigitalBridge Group, Global Infrastructure Partners and Silver Lake Management.

Blackstone said to seek A$5.5 billion loan for AirTrunk bid

The financing will comprise a A$2 billion term loan and a A$3.5 billion revolving credit facility