InfraCompute / Deals
AirTrunk: acquisition financing (Blackstone / CPP)
Acquisition loan for AirTrunk, A$18bn, September 2024.
Key terms
- Borrower or issuer
- AirTrunk
- Date
- September 2024
- Structure
- Acquisition loan
- Amount
- A$18bn
- Pricing
- Not disclosed
- Sources
- 1 public source below
What’s notable
An A$18bn acquisition financing for Blackstone and CPP Investments' purchase of AirTrunk, with Credit Agricole, Deutsche Bank, HSBC and MUFG providing an A$7bn backstop and separate holdco debt from Citi, DBS and Deutsche Bank. It remains the benchmark for data centre platform M&A financing in Asia-Pacific.
Recorded terms
- Lender type
- Bank loansNamed lender: Credit Agricole
- Lenders and arrangers
- Credit Agricole, Deutsche Bank, HSBC, MUFG (A$7bn backstop); Citi, DBS, Deutsche Bank (holdco)
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from AirTrunk
For counsel on this deal
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Sources
- AirTrunk acquisition financing (Blackstone / CPP)Source date: 2024-09
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
