Key facts
- AirTrunk, backed by Blackstone, is seeking a $3 billion loan.
- The loan will fund the construction of the SYD3 hyperscale data center in Australia.
- The project is expected to be over 400 megawatts.
- Banks are being approached to underwrite a five-year deal.
AirTrunk Pty., a data center operator backed by Blackstone Inc., is in discussions with banks for a A$4.3 billion ($3 billion) loan to support the construction of its SYD3 hyperscale data center in Australia. The facility is expected to exceed 400 megawatts in capacity. Banks have been approached to underwrite the five-year loan, though terms are still subject to finalization and potential changes. This move is part of AirTrunk's ongoing debt-fueled expansion across the Asia Pacific region.