Blackstone Inc. is reportedly considering refinancing around A$5.5 billion ($3.6 billion) in junior debt associated with its planned acquisition of AirTrunk Pte. Ltd. This move represents Blackstone's largest investment in the Asia Pacific region so far.
The refinancing strategy involves replacing the existing debt facility at the holding company level with new debt secured at AirTrunk's operating company level. This financial maneuver aims to support AirTrunk's expansion plans across the Asia Pacific, enabling the rollout of new data centers.