{
  "id": 6672392,
  "title": "Blackstone’s AirTrunk seeks S$1.6 billion loan for Singapore IPO",
  "url": "https://urgent.news/2026/09/11/blackstones-airtrunk-seeks-s-1-6-billion-loan-for-singapore-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T00:44:40.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/startups-tech/technology/blackstones-airtrunk-seeks-s1-6-billion-loan-singapore-ipo"
  },
  "original_language": "en",
  "account": "Blackstone's AirTrunk data centre operator is engaging with banks to secure a S$2 billion loan, as part of the financing for the upcoming Singapore IPO of a real estate investment trust (REIT) backed by AirTrunk's assets, according to sources familiar with the matter. Discussions have taken place with lenders seeking multiple tranches of debt ranging from three to seven years, in both Singapore dollars and yen. The loan, which will be used by the REIT to acquire AirTrunk assets and refinance existing debt, has not yet been finalized. AirTrunk, a key player in data centre financing in Asia, aims to leverage this IPO as a test for the sector, as banks become more selective about lending in the region. AirTrunk has previously secured substantial financing for data centre projects, including a US$2.3 billion green loan for a facility in Malaysia. The IPO will allow AirTrunk to shift assets into the REIT and raise capital from a broader investor base.",
  "summary": "The proposed offering will be a key test for data centre financing in Asia",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Singapore",
        "title": "Cashless society? Singapore’s currency in circulation still hitting new highs at S$69 billion",
        "url": "https://urgent.news/2026/09/10/cashless-society-singapores-currency-in-circulation-still-hitting-new",
        "published": "2026-09-10T23:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}