development/construction
Stage
TOK1 hyperscale data center campus
Project
AirTrunk secured a record-breaking $1.24 billion green loan in Japan to refinance and expand its TOK1 hyperscale data center campus in East Tokyo, which is scalable to over 300MW. The financing, led by SMBC, MUFG, Crédit Agricole CIB, and Société Générale, will support the addition of 100MW of IT load and is part of AirTrunk's broader $8 billion investment in Japan's digital infrastructure. This deal, structured under AirTrunk’s Green Financing Framework, is the largest data center financing completed in Japan and aims to meet energy efficiency standards for sustainable development.
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Counterparts (12)
Lender
Société Générale
company · 2 deals
Société Générale has acted as a lender in two verified deals, totaling £500 million and $1.5 billion, respectively. These financings support renewable energy projects, specifically one solar project in the UK and one energy storage project in the USA. This indicates a focus on providing debt financing for solar and energy storage projects across international markets.
UnitedOverseas Bank
company
Singapore-headquartered United Overseas Bank (UOB) is a leading Asian bank with over 26,000 employees. It provides extensive project and corporate financing, particularly for infrastructure and energy transition projects across Southeast Asia and Greater China, with a strong focus on sustainable finance.
SMBC
company · 4 deals
SMBC Group is committed to the growth of its clients, the development of its people, and the advancement of society. They aim to promote a better and safer world for all, supporting business development of clients around the world.
Oversea-Chinese Banking Corporation (OCBC)
company
Singapore-headquartered Oversea-Chinese Banking Corporation (OCBC) is a leading financial services group in Asia, providing a wide range of banking, insurance, and wealth management services. With over 30,000 employees and total assets exceeding US$450 billion, OCBC is a significant lender to infrastructure projects across Southeast Asia, Greater China, and other key markets, focusing on sectors like energy transition, transport, and digital infrastructure.
MUFG
company · 4 deals
Mitsubishi UFJ Financial Group (MUFG) is a global financial group. They provide financial services, including banking, trust banking, and securities, and are involved in sustainability initiatives, including financing for projects that contribute to a carbon-neutral society.
BNP Paribas
company · 6 deals
BNP Paribas is a global financial institution that provides financing and investment solutions across various sectors, including renewable energy. They support the development and deployment of renewable energy projects through project finance, advisory services, and capital markets solutions.
NATIXIS
company · 3 deals
Natixis is a Corporate & Investment Banking and Asset & Wealth Management firm. They offer innovative and sustainable financing and investment solutions to corporations, investors, financial institutions, financial sponsors and customers of Groupe BPCE’s retail networks.
Crédit Agricole CIB
company
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, headquartered in Montrouge, France, with 8,900 employees globally. It provides a wide range of financial products and services, including project finance, corporate finance, capital markets, and advisory, with a strong focus on energy, infrastructure, and real estate sectors worldwide.
DBS Bank
company
Singapore-headquartered multinational banking and financial services corporation with over S$799 billion in total assets as of 2023. It provides a full range of banking services, including corporate and investment banking, wealth management, and project finance across Asia and globally.
E
E.SUN Commercial Bank
company
E.SUN Commercial Bank is a leading Taiwanese bank, a subsidiary of E.SUN Financial Holding, with approximately $100 billion in total assets. It provides a wide range of financial services, including corporate and project finance, with a strong focus on sustainable finance and infrastructure lending in Taiwan and across Asia.
Source Intelligence
KEY DETAILS
The loan is structured under AirTrunk’s Green Financing Framework, which aims for sustainable development with renewable energy transition, net zero carbon, water resilience, and nature and biodiversity stewardship in mind. The company said the loan met its energy efficiency standards. AirTrunk stated this is the largest ever data center financing completed in Japan and part of its broader $8 billion investment in the country. AirTrunk's four campuses in Japan (TOK1, TOK2, OSK1, and OSK2) will deliver 530MW of total capacity at full build-out. AirTrunk was acquired by Blackstone and Canada Pension Plan Investment Board in 2024 for $16.1 billion.
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Deal Size
AirTrunk has secured a record-breaking $1.24 billion green loan in Japan.
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Capacity
The funds will be used to refinance and develop the company's TOK1 hyperscale data center campus, located in East Tokyo. AirTrunk said it will add additional capacity to the campus, which is scalable to more than 300MW.
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Location
The funds will be used to refinance and develop the company's TOK1 hyperscale data center campus, located in East Tokyo.
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Financials
AirTrunk has secured a record-breaking $1.24 billion green loan in Japan.
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Announcement
March 10, 2026 By Barney Dixon
PARTIES MENTIONED IN SOURCE
A
AirTrunk
borrower/developer
"APAC data center operator AirTrunk has secured a record-breaking $1.24 billion green loan in Japan."
S
SMBC
lender
"The financing was led by SMBC, MUFG, Crédit Agricole CIB, and Société Générale as global coordinators."
M
MUFG
lender
"The financing was led by SMBC, MUFG, Crédit Agricole CIB, and Société Générale as global coordinators."
C
Crédit Agricole CIB
lender
"The financing was led by SMBC, MUFG, Crédit Agricole CIB, and Société Générale as global coordinators."
S
Société Générale
lender
"The financing was led by SMBC, MUFG, Crédit Agricole CIB, and Société Générale as global coordinators."
B
BNP Paribas
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
T
The Chiba Bank
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
D
DBS Bank
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
E
E.SUN Commercial Bank
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
M
Mizuho Bank
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
N
Natixis
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
O
Oversea-Chinese Banking Corporation (OCBC)
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
U
UnitedOverseas Bank
lender
"Some 12 banks participated as mandated lead arrangers and bookrunners, including BNP Paribas, The Chiba Bank, DBS Bank, E.SUN Commercial Bank, Mizuho Bank, Natixis, Oversea-Chinese Banking Corporation (OCBC), and UnitedOverseas Bank, as well as the four global coordinators."
high quality
Enriched Mar 10, 2026