Business · Malaysia Bureau
Blackstone-backed AirTrunk lines up $1.6b loan ahead of Singapore IPO
The data centre operator has secured debt financing to support its planned initial public offering, with proceeds expected to fund asset acquisitions and debt restructuring.
LSN Malaysia ·
AirTrunk, the data centre company backed by global investment firm Blackstone, has arranged a US$1.6 billion loan facility ahead of its anticipated listing on Singapore's stock exchange.
The financing package is designed to provide AirTrunk with capital flexibility as it pursues its public market debut. The funds are expected to be deployed toward acquiring additional data centre assets and refinancing existing debt obligations, bolstering the company's balance sheet before trading commences.
The move underscores strong investor appetite for data centre operators in the Asia-Pacific region, where demand for computing infrastructure has surged due to cloud adoption and artificial intelligence expansion. Singapore has emerged as a key hub for such facilities, attracting major technology and financial services companies requiring reliable, scalable server infrastructure.
AirTrunk operates a growing portfolio of hyperscale data centres across Australia, Singapore, and other strategic locations. The IPO will mark a significant milestone for the company, enabling it to access public capital markets and fund further expansion in the region's rapidly growing digital economy.
Details regarding the IPO timeline and valuation expectations remain subject to regulatory approval and market conditions.