AirTrunk Singapore SGP1: AirTrunk Closes $332 million in funding to build Singapore data centre
Apr 10, 2019 | Posted by Eric Advinci
AirTrunk has announces that it has received US$332 million (S$450 million) debt financing from three global financial institutions; Deutsche Bank, Goldman Sachs, and Natixis. Additional equity capital was also raised from its founder and CEO, Robin Khuda, and shareholders, Goldman Sachs and TPG Sixth Street Partners (TSSP).
The company said that the funds raised will be used to begin expansion across the Asia Pacific with the development of a 60+ megawatt (MW) hyperscale data centre in Singapore following its flagship Australian operations in Sydney and Melbourne.
“We are immensely proud to be the first Australian operator to build a hyperscale data centre in Singapore. This additional financing provides us with a strong balance sheet to pursue further growth and become the preeminent hyperscale data centre operator in the region,” said Robin Khuda, founder, and CEO of AirTrunk.
With more than 60 megawatts (MW) of IT load, the facility will be one of the largest neutral data centre in Singapore. It’s located in Loyang, strategically positioned near the Changi North Cable Landing Station, a key sub-sea internet landing station for international interconnection.
