AirTrunk Pty., the data center operator backed by Blackstone Inc., is in discussions with banks about a loan of about A$4.3 billion (roughly $3 billion) to fund a new facility in Sydney, sources familiar with the matter say. The proposed financing would support construction of a single hyperscale data center project referred to as SYD3. Reporting describes SYD3 as a large campus-scale development with capacity of more than 400 megawatts, reflecting both the size and high power requirements typical of next-generation data center builds.
The outlets characterize the company’s broader strategy as continued expansion across the Asia Pacific region that is supported by debt financing. While details on the timing of the talks and the final terms of the loan are not provided, all accounts agree that AirTrunk is seeking a loan roughly in the A$4.3 billion range from banks to back the Sydney project.
