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

Source: Bloomberg

IPOs & SPACsHousing & Real EstateCredit & Bond MarketsInfrastructure & Defense

Blackstone-owned data center operator AirTrunk is reportedly discussing a roughly S$2 billion ($1.6 billion) bank loan to finance the IPO of a REIT backed by its assets. The planned financing and listing could support capital recycling and expansion in Asia-Pacific data-center real estate, though the transaction remains at the discussion stage.

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