AirTrunk to expand after financing process

AirTrunk is preparing for major expansion into the Asia–Pacific region, having just successfully completed an AU$850 million financing process.

It will fund the expansion of its Australian data centres in Sydney and Melbourne, and across key Asia–Pacific markets. The expansion has been driven by strong customer demand for hyperscale data centre solutions.

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’s 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. 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,” said Khuda.

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 90 and 84 megawatts respectively.

“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,” Khuda said.

AirTrunk was advised by Grant Samuel and Norton Rose Fulbright.

Image courtesy of AirTrunk.

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