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$650m sustainability-linked loan secured for AirTrunk’s 1st Japanese data centre

National law firm Gilbert + Tobin has advised Deutsche Bank, Credit Agricole and MUFG as mandated lead arrangers and underwriting banks on a $650 million sustainability-linked loan.

user iconJerome Doraisamy 27 March 2023 Big Law
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Firm: Gilbert + Tobin (lead arrangers and underwriting banks) 

Deal: A $650 million sustainability-linked loan (SLL) for AirTrunk’s first Japanese data centre, TOK1, has been secured, with G+T advising Deutsche Bank, Credit Agricole and MUFG in their capacities as mandated lead arrangers and underwriting banks.

Area: Environmental, social and governance (ESG) financing

Value: $650 million

Key players: The G+T team was led by partner Stuart Cormack, who was supported by consultant Hannah Brellisford and lawyer Cinzia Tisano.

Deal significance: Mr Cormack said: “It was a pleasure to advise Deutsche Bank, Credit Agricole and MUFG on this refinancing that will allow AirTrunk to further expand its global footprint.

“AirTrunk continues to be a driver of ESG financing initiatives in the data centre industry. It is very exciting to see the continued emergence of green-financing and to be a part of another milestone transaction for AirTrunk.”

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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