Politics
Blackstone’s AirTrunk Seeks $3 Billion Loan for Sydney Project
Key Points
Blackstone’s AirTrunk Seeks $3 Billion Loan for Sydney Project AirTrunk Pty., a data center operator backed by Blackstone Inc., is in talks with banks for a A$4.3 billion ($3 billion) loan to back a new project in Australia, people familiar with the matter said, as it continues its debt-fueled expansion across Asia Pacific. Proceeds will support the construction of the over 400-megawatt SYD3 hyperscale data center, said the people, who asked not to be identified discussing private matters....
Blackstone’s AirTrunk Seeks $3 Billion Loan for Sydney Project
AirTrunk Pty., a data center operator backed by Blackstone Inc., is in talks with banks for a A$4.3 billion ($3 billion) loan to back a new project in Australia, people familiar with the matter said, as it continues its debt-fueled expansion across Asia Pacific.
Proceeds will support the construction of the over 400-megawatt SYD3 hyperscale data center, said the people, who asked not to be identified discussing private matters. Banks have been approached to underwrite the five-year deal, they said, adding that terms have not been finalized and could still change.