AirTrunk converts to $1.55bn sustainability loan

13 September 2021 | Antony Savvas

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AirTrunk has converted its existing corporate loan facility of more than A$2.1 billion (US$1.55 billion) into a Sustainability Linked Loan (SLL).

AirTrunk has experienced substantial growth since establishing its existing corporate debt facilities in April 2020.

The company said of its sustainability move: “AirTrunk’s SLL has set new industry benchmarks in sustainable financing, being the largest by a data centre operator globally, the first by a data centre operator in the Asia-Pacific region, and the first to utilise operating power usage effectiveness (PUE) as a sustainability key performance indicator (KPI).”

The existing loan as well as future increment loans and investment made by AirTrunk will be sustainability linked, the firm added.

AirTrunk has established its loan KPIs across three key areas - diversity and inclusion, carbon neutrality and energy efficiency.

To enhance the company’s commitment to transparency and governance, it said these KPIs will be “independently assured”.

AirTrunk chief financial officer Prashant Murthy said: “This showcases our leadership position in designing, building, operating and now financing digital infrastructure across the Asia-Pacific region in a sustainable way.”