AirTrunk Seeks $1.6 Billion Loan for Singapore REIT IPO
AirTrunk, a Blackstone-backed data center operator, is in discussions with banks for roughly S$2 billion to finance a Singapore REIT’s public listing. The REIT would borrow in multiple tranches of three- to seven-year debt in Singapore dollars and yen, with proceeds likely used to buy assets from AirTrunk and refinance existing obligations, though terms are not final.