Blackstone-owned data center firm AirTrunk has closed a A$16 billion (US$ 10.36 billion) (ex Japan) refinancing, Asia Pacific’s largest-ever sustainability linked loan to fund greenfield and operational assets across Australia, Hong Kong, Malaysia and Singapore. This raises the company’s total financing to over A$18 billion, including Japan, making it one of the world’s largest issuers of sustainable finance in the data centre industry, the company said in a statement today.
Backed by a consortium of over 60 banks and financiers, the refinancing includes four sustainability linked transactions – structured as green loans or sustainability linked loans (SLLs). The KPIs include energy and water efficiency, renewable energy adoption, and gender pay equity.
Last week, w.media had reported on the company’s Singapore green loan, the largest loan and green loan for a data center in the Lion City at US$ 1.75 billion.
Meanwhile, a Melbourne development by AirTrunk has the distinction of securing the largest green loan In Asia-Pacific and Japan.
AirTrunk is also the first known company to include disaster relief into financing through its social impact fund.
“Following AirTrunk’s A$24+ billion acquisition by Blackstone and CPPIB in 2024, we have expanded our debt financing platform to enable our rapid growth across the region. By linking all A$18 billion of our financing to sustainability, we demonstrate our long-term commitment to scale responsibly, building essential digital infrastructure to power the digital economy, while delivering lasting positive environmental and social impact,” said AirTrunk Founder & CEO, Robin Khuda.
