Blackstone’s AirTrunk Seeks S$1.6 Billion Loan for Singapore IPO

Blackstone’s AirTrunk seeks US$1.6bil loan for Singapore IPO

The loan, raised by the real estate investment trust, will likely be used to acquire AirTrunk’s assets and refinance existing debt.

Blackstone’s AirTrunk seeks S$1.6 billion loan for Singapore IPO

The proposed offering will be a key test for data centre financing in Asia Read more at The Business Times.

Blackstone’s AirTrunk Seeks $1.6 Billion Loan for Singapore IPO

AirTrunk, a data center operator owned by Blackstone Inc., is in talks with banks to borrow about S$2 billion ($1.6 billion) to help finance the public listing of a real estate investment trust backed by its assets, according to people familiar with the matter.