Artificial Intelligence▲impact 4
Blackstone finalizes A$4.3 billion loan for AirTrunk's Sydney data center
Blackstone is finalizing a group of banks to underwrite a A$4.3 billion construction loan for AirTrunk's new SYD3 hyperscale data center in Australia. The five-year financing is expected to include Credit Agricole, DBS Group Holdings, Deutsche Bank, HSBC Holdings, ING Bank, Mitsubishi UFJ Financial Group, Morgan Stanley and United Overseas Bank, with additional lenders possibly joining. The loan is part of a broader surge in AI infrastructure borrowing, with at least $334.5 billion of bonds and loans issued so far this year compared with $185.5 billion during all of 2025, according to Bloomberg data. AirTrunk is also completing an approximately $2.3 billion loan for a data center project in Johor, Malaysia, while Australian-listed NextDC has increased its senior debt facilities to A$2.3 billion from A$1.8 billion.
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AirTrunk · Capital · Positive AirTrunk is finalizing a A$4.3 billion construction loan for its SYD3 data center, enabling project financing.
BX · Capital · Positive Blackstone is finalizing a A$4.3 billion loan for AirTrunk's data center, indicating strong financing activity and involvement in AI infrastructure.
NEXTDC Ltd · Capital · Positive NextDC increased its senior debt facilities to A$2.3 billion from A$1.8 billion, indicating expanded financing capacity for data center projects.
8306.JP · Capital · Positive Mitsubishi UFJ Financial Group is included in the underwriting syndicate, generating fee income from the large loan.
DBK.XETRA · Capital · Positive Deutsche Bank is part of the bank group underwriting the loan, earning underwriting fees and strengthening its project finance portfolio.
HSBA.LSE · Capital · Positive HSBC is among the banks underwriting the loan, benefiting from lending fees and participation in a large infrastructure deal.