AirTrunk secures $1.7b green loan for Tokyo data centre
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The news: Data centre operator AirTrunk has secured its largest financing to date for its flagship TOK1 data centre campus in Tokyo.
The numbers: AirTrunk has received a USD1.2 billion ($1.7 billion) green loan to support refinancing and continued development of the hyperscale data centre campus.
The context: The loan will refinance existing facilities and fund development capex for the next phases of TOK1. These phases will add additional capacity to the campus, scalable to over 300 megawatts.
AirTrunk recently commenced construction to add over 100 megawatts of IT load at TOK1 to support near-term customer demand.
The financing was led by SMBC, MUFG, Crédit Agricole CIB and Société Générale as global coordinators. In total, 12 banks acted as mandated lead arrangers and bookrunners including all four global coordinators plus BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation, and United Overseas Bank.
AirTrunk has also received financing for its second Osaka-based data centre site OSK2. The company’s total investment in Japan has now exceeded USD8 billion.
At full build-out, AirTrunk’s four Japan campuses — TOK1, TOK2, OSK1 and OSK2 — are expected to deliver around 530 megawatts of total capacity for cloud and AI workloads.
The source: AirTrunk media release
