A commitment to a greener future: AirTrunk converts $1.545bn in sustainability linked loans

AirTrunk has announced it has converted its corporate loan facilities of over AU$2.1 billion (US$1.545bn) into a Sustainability Linked Loan (SLL). The tech company is the latest to join the wave of data center companies pursuing these kinds of loans, alongside Aligned, KPN, and Nabiax.
As per the loan terms, if the company delivers on certain ESG goals, including pursuing carbon neutrality and energy efficiency, it will face reduced interest, and importantly, if it fails to meet the KPIs outlined in the new facility, it would pay more.