Blackstone Is Said to Seek A$5.5 Billion Loan for AirTrunk Bid

Private equity firm Blackstone Inc. is in discussions with banks for a five-year loan of about A$5.5 billion ($3.7 billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said.

The financing, which is expected to be raised at the holding company level, would be comprised of a A$2 billion term loan and a A$3.5 billion revolving credit facility, according to the people, who asked not to be identified speaking about confidential negotiations.

Blackstone is competing with a separate consortium that includes IFM Investors Pty, DigitalBridge Group Inc., Global Infrastructure Partners ...