Record AUD $850m financing set to unleash AirTrunk’s APAC ambitions
AirTrunk has completed an AUD $850 million financing process to fund a major expansion of its Australian data centres in Sydney and Melbourne, and across key Asia-Pacific markets.
Surging customer demand for hyperscale data centre solutions has driven the need for the specialist in hyperscale data centres to expand.
Deutsche Bank is the lead arranger, underwriter and sole bookrunner for the new senior secured debt facilities. The financing will be the largest by a data centre company in Australia. AirTrunk founder and CEO, Robin Khuda, and shareholders, Goldman Sachs and TSSP, have also contributed new capital to support the expansion plans.
“We saw a substantial amount of global interest in AirTrunk throughout the process, and are delighted to complete this financing arrangement with Deutsche Bank,” said Khuda.
“Together with the new capital recently contributed by our shareholders, the new funds put us in a strong position to meet the growing demand from large cloud, content and enterprise customers in the Asia-Pacific region.”
AirTrunk opened its two Australian data centres last year – AirTrunk Sydney in September and AirTrunk Melbourne in November. The two facilities are set to be the largest independent data centres in the Asia-Pacific region when completed at 90MW and 84MW respectively.
Khuda added: “AirTrunk continues to pursue its ambition to be the leader in hyperscale data centres for the region. The expansion in Australia will establish AirTrunk as the largest data centre operator in Australia by deployed capacity and we continue to pursue aggressive growth opportunities across the Asia-Pacific region.”