Macquarie Technology has secured hundreds of millions of dollars in credit from the country’s biggest banks to support its push into data centres in the hope of riding the same investor enthusiasm that led to the year’s biggest deal – the $23.5 billion sale of sector giant AirTrunk to Blackstone.

The ASX-listed Macquarie Technology began as a telecommunications and cloud computing business before investing in data centres in 2018. It has extended its loan facilities by $260 million, to $450 million, to build more data centres amid a boom in demand for processing capacity to power increasingly complex artificial intelligence functions.