Data centre operator AirTrunk has secured an AUD$16 billion sustainability-linked refinancing package for its operations across Asia-Pacific.
The company said the multi-transaction financing covers key greenfield and operational assets across Australia, Hong Kong, Malaysia and Singapore.
It said 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, including Westpac, NAB, and Commonwealth Bank, according to the AFR. The debt syndicate is based on AirTrunk’s commitments to hit net zero emissions by 2030.
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.
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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 sustainability-linked loans.
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.”
Founded in Australia in 2015, AirTrunk is a leading hyperscale data centre specialist delivering essential infrastructure to scale AsiaPacific & Japan’s digital future, accelerated by cloud and artificial intelligence.
