AirTrunk Gets $2.3 Billion Green Loan for Malaysia Data Center

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessAirTrunk Gets $2.3 Billion Green Loan for Malaysia Data CenterBlackstone Inc.-owned data center firm AirTrunk has secured a $2.3 billion green loan from 30 lenders for a new facility in Malaysia, its largest financing so far for a single asset.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Blackstone Inc.-owned data center firm AirTrunk has secured a $2.3 billion green loan from 30 lenders for a new facility in Malaysia, its largest financing so far for a single asset.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe loan for its JHB2 hyperscale data center in the southern state of Johor was led by 10 global coordinators including Credit Agricole CIB, DBS Bank Ltd., HSBC Holdings Plc, Sumitomo Mitsui Banking Corp. and United Overseas Bank Ltd., the company said in a statement on Wednesday.The artificial intelligence boom has fueled a wave of multibillion-dollar data center deals across Asia Pacific, even as the broader regional syndicated loan market remains in its deepest slump in 16 years. But the rapid growth is also testing banks’ appetite for the sector, with some lenders taking steps to manage their exposure. Credit Agricole is seeking to sell about HK$150 million ($19 million) of a loan it and other banks provided to ESR Group after hitting its internal lending cap for data centers, according to people familiar with the matter.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAirTrunk, which is also in talks with banks for a A$4.3 billion ($3 billion) loan for a new data center in Australia, has been working on asset-backed bonds to refinance existing bank loans. The company is said to be targeting an initial public offering of a Singapore real estate investment trust that could raise about $1.5 billion.The loan is classified as green due to the facility’s energy and water efficiency performance, the company said. The data center is targeting a power usage effectiveness ratio of 1.37, below the global average of about 1.5 to 1.6, and will employ advanced water-efficient cooling technology, according to the firm.The green loan will allow AirTrunk to generate margin savings which it said will support its social impact program in Malaysia.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.