Simpson Thacher advised AirTrunk in connection with its S$2.25 billion (approximately US$1.75 billion) green loan in Singapore to support the development of a new hyperscale data center, AirTrunk SGP2. This transaction is Singapore’s largest-ever loan and green loan for a data center.
The financing begins as a green loan and includes an option to transition into a sustainability linked loan (SLL). All financial incentives from the loan will be directed to AirTrunk’s social impact fund, reinforcing the company’s commitment to long-term positive impact in Singapore.
To read the full announcement from AirTrunk, please see here.
The Simpson Thacher team included Makiko Harunari, Alvin Kwong, Tianyu Ma, Hyunmin Youm, Mounah Abdallah and Chenyu Cui (Banking and Credit).