A consortium of 12 banks, led by SMBC, MUFG, Crédit Agricole CIB and Société Générale, arranged the record financing for AirTrunk’s Tokyo data center expansion.
Hyperscale data center operator AirTrunk has secured a 191.6 billion Japanese yen ($1.24 billion) green loan to refinance and expand its TOK1 data center campus in the greater Tokyo area, marking what it described as the largest data center financing completed in Japan.
The loan will support the next development phases of the TOK1 campus, which is designed to scale beyond 300 megawatts (MW) of capacity, the company, which is owned by a consortium led by Blackstone and CPP Investments, announced on Tuesday. The expansion is intended to meet rising demand for cloud services and AI infrastructure as Japan ramps up investment in digital computing capacity.
“Japan is one of the world’s most important cloud and AI markets, and we’re committed to building the digital infrastructure that enables its long-term growth,” AirTrunk founder and CEO Robin Khuda said.
