G+T advises lenders in AirTrunk's $4.6bn sustainability linked loan refinancing

Aside from renegotiating AirTrunk's current debt agreements, the agreement aims to facilitate the growth of the company's activities across the APJ area.

In a press statement, AirTrunk stated that the groundbreaking Sustainable Linked Loan (SLL) has established a new standard for sustainable financing in various aspects. This loan links AirTrunk's financial activities to key performance indicators (KPIs) like carbon usage effectiveness (CUE), efficiency in power usage, and efficiency in water usage. It is the initial SL loan to implement the CUE metric and encompass all these KPIs. AirTrunk emphasized that this guarantees the greatest level of visibility and responsibility for environmental matters by a data center operator.

"The SLL is additionally notable as it marks the initial public disclosure of a data center firm's financial support towards achieving gender pay parity. This highlights AirTrunk's dedication to fostering diversity, fairness, and inclusivity," stated the company.

AirTrunk stated that it plans to utilize all the profits generated from the SLL to contribute towards various socially beneficial projects. These include ensuring equal access to digital services, promoting STEM education, preserving biodiversity and conservation efforts, as well as supporting innovation and research & development.

“Our groundbreaking SLL guarantees that as we expand throughout the area, we do it in a way that is environmentally friendly, propelling the industry forward by redefining the benchmarks for sustainable funding,” stated Prashant Murthy, AirTrunk’s financial and commercial officer. “The SLL key performance indicators also correspond to our Net Zero by 2030 plan and additionally oblige us to meet our climate objectives.”