AirTrunk, a hyperscale data centre operator in Asia-Pacific and Japan, has completed a A$16 billion refinancing, described as the region’s largest sustainability-linked financing for the sector. The refinancing package covers greenfield and operational assets in Australia, Hong Kong, Malaysia and Singapore.
The company previously secured a A$2.1 billion sustainability-linked loan in 2021, which was refinanced to A$4.6 billion in 2023. With the latest transaction, AirTrunk’s financing platform now exceeds A$18 billion, including Japan.
The refinancing was supported by more than 60 banks and financiers, and is structured across four transactions, each linked to sustainability performance targets. These include energy and water efficiency, renewable energy use, gender pay equity and achieving net zero emissions by 2030.
In Singapore, a S$2.25 billion green loan will fund the development of the SGP2 facility in Loyang — the largest loan and green loan for a data centre in the country. In Melbourne, the green loan is the largest of its kind in the region and the first globally to link loan margins to a social impact programme.
AirTrunk said margin incentives will be directed to its social impact fund, which also incorporates disaster relief measures in addition to initiatives in education, digital access, biodiversity and innovation.
Chief Executive Officer Robin Khuda said: “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.”
Vice President and Treasurer Luke Stephens said: “This A$16+ billion equivalent refinancing is a major milestone in AirTrunk’s sustainable finance journey. From leading the industry with the first SLL in 2021 to today’s multi-transaction structure, we’ve consistently pushed boundaries to drive responsible growth.”
