- Largest sustainability linked financing in Asia Pacific & Japan region (APJ)
- Financing includes four sustainability linked transactions including Singapore’s largest-ever green data centre loan and APJ’s largest green loan for AirTrunk Melbourne
- First publicly known corporate to fund disaster relief in its financing structure
- AirTrunk is one of the largest issuers of sustainable financing in the global data centre industry with a platform totaling over A$18 billion including Japan
Asia-Pacific & Japan (APJ) hyperscale data centre specialist, AirTrunk, has closed a A$16 billion (ex Japan) refinancing, the region’s largest-ever sustainability linked financing. The multi-transaction financing covers key greenfield and operational assets across Australia, Hong Kong, Malaysia and Singapore.
AirTrunk first introduced a sustainability linked loan (SLL) in 2021, amounting to A$2.1 billion which was refinanced to A$4.6 billion in 2023. The landmark A$16 billion financing, takes the company’s total financing platform to over A$18 billion, including Japan, cementing its position as one of the largest issuers of sustainable finance in the global data centre industry.
A consortium of over 60 banks and financiers backed the financing, reinforcing strong market confidence in AirTrunk’s responsible growth in the region.
The refinancing is comprised of four individual transactions which are each sustainability linked, structured as either green loans or SLLs. AirTrunk has established ambitious KPIs across energy and water efficiency, renewable energy adoption, and gender pay equity, ensuring the company takes accountability for accelerating its sustainability performance, including reaching net zero emissions by 2030. All margin incentives from the sustainability linked financing will continue to be directed to AirTrunk’s social impact fund, which will increase in size and impact over the course of the loans.
In Singapore, the S$2.25 billion green loan will support the development of AirTrunk SGP2 in Loyang and is Singapore’s largest loan and green loan for a data centre. In Melbourne, the green loan is the largest in APJ and the first globally to feature margin adjustments linked to a social impact program – a mechanism traditionally used in SLLs.
AirTrunk is also the first publicly known corporate to embed disaster relief into its financing structure through the social impact fund, with margin savings supporting emergency response efforts in local communities. As part of AirTrunk’s broader social impact program, disaster relief will complement initiatives in STEM education, equal digital access, biodiversity and conservation, and sustainable innovation.
AirTrunk Founder & 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, building essential digital infrastructure to power the digital economy, while delivering lasting positive environmental and social impact.”
AirTrunk Vice President, Treasurer, Luke Stephens
AirTrunk Vice President, Treasurer, Luke Stephens said: “This A$16+ billion equivalent refinancing is a major milestone in AirTrunk’s sustainable finance journey, driving both innovation and transparency. From leading the industry with the first SLL in 2021 to today’s landmark multi-transaction structure, we’ve consistently pushed boundaries to drive responsible growth and create meaningful social value. It’s an honour to collaborate with such a diverse group of financiers and partners to deliver a market-leading solution that aligns capital with purpose and sets a benchmark for others to follow.”
About AirTrunk
AirTrunk is a leading hyperscale data centre specialist delivering essential infrastructure to scale Asia-Pacific & Japan’s digital future, accelerated by cloud and artificial intelligence. The company’s growing data centre platform meets the needs of the world’s most transformational companies, delivering customers a scalable data centre solution at a significantly lower build and operating cost than the market.
AirTrunk creates shared value with communities by embedding sustainability through industry-leading energy and water efficiency, renewable energy solutions and its social impact program.
A private company, AirTrunk is well capitalised to fund development of hyperscale data centres across the region, including its groundbreaking sustainable financing platform. In 2024, Blackstone (the world’s largest alternative asset manager (NYSE: BX)) along with Canada Pension Plan Investment Board (CPP Investments), acquired AirTrunk, investing alongside AirTrunk’s Founder and CEO Robin Khuda and valuing the company at over A$24 billion.
For more information go to www.airtrunk.com.
PLEASE GIVE WHAT YOU CAN: PayPal.Me/clevergreensolutions
Enjoy reading Eco Voice? Please help us by purchasing a GIFT Voucher or send one to a friend and encourage people to purchase trees or seeds via The Native Shop – www.nativeshop.com.au
Plants, seeds & more delivered to your door!
www.nativeshop.com.au
