The facility is the biggest of its kind in the APAC region, the firm says
Gilbert + Tobin (G+T) has confirmed its role in advising the lenders on AirTrunk’s watershed $16bn sustainable financing framework.
According to the firm, the facility is the biggest of its kind in the APAC region and Japan.
“It is the largest sustainability linked data centre financing in Asia-Pacific and it shows how strongly lenders are backing resilient, responsible digital infrastructure”, G+T lead partner Stuart Cormack said.
He explained that the diverse funding platform involved the structuring and implementation of multiple facilities. The platform is expected to optimise AirTrunk’s flexibility to meet its goals in various markets.
The G+T team advised the lenders for AirTrunk Group’s SYD1 and SYD2 term loan financing and Revolving warehousing facility. Cormack was supported by lawyers Jack Naughton, Stephen Adrian and Catrina Chen and graduate Katia Safieddin.
Another G+T team counseled Domain Holdings Australia Limited on its scheme of arrangement acquisition by CoStar Group for $2.8bn.
The deal incorporates Domain’s portfolio of Australian property brands into CoStar Group’s existing offerings in online real estate marketplaces, information, analytics and 3D digital twin technology.
“The transaction demonstrates the importance of US investment in the Australian market and marks an exciting new chapter for the digital property marketplace industry as Domain looks to grow and build on its success to date”, G+T lead partners Costas Condoleon and Karen Evans-Cullen said.
Condoleon and Evans-Cullen received support from lawyers Hugh Evans, Jacob Lancaster, Albert Swann and Julia Tran on this transaction. Also pitching in were technology and IP partner Tim Gole and lawyer Claire Arthur as well as disputes and Investigations partner Alexandra Whitby and lawyers Shannan O'Donnell and Phyllida Behm.
