European lending giants Credit Agricole, Deutsche Bank and HSBC, and Japan’s MUFG are underwriting a mammoth $7 billion ready-to-use debt package for bidders seeking to get their hands on the $15 billion-plus data centre giant AirTrunk, Street Talk can reveal.
It is understood the four banks’ $7 billion commitment includes AirTrunk’s three Japanese data centres, which have previously been financed separately to the tune of about $1.2 billion.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
