Simpson Thacher advised AirTrunk in connection with its $2.325 billion (RM9.5 billion) green financing to support the sustainable development of its JHB2 hyperscale data center campus in Johor Bahru, Malaysia. The financing is the largest green project finance transaction for a single data center in Malaysia and AirTrunk’s largest single-asset financing to date.
The financing, raised under AirTrunk’s Green Financing Framework, marks AirTrunk’s first financing from the International Finance Corporation (IFC), a member of the World Bank Group, and will support the continued development of JHB2, which is designed to achieve industry-leading energy and water efficiency. Margin savings generated through the transaction will continue to support AirTrunk’s social impact programs in Malaysia.
To read the full announcement from AirTrunk, please see here.
The Simpson Thacher team included Alvin Kwong, Makiko Harunari, Andrew Lai, Hyunmin Youm and Mark Watson (Banking and Credit); and Nathan Utterback and Brian Sung (Derivatives).