International law firm Withers recently represented MUFG Bank, Ltd. (MUFG) and Crédit Agricole Corporate and Investment Bank (CACIB), Tokyo Branch on their provision of a loan facility to AirTrunk to finance the hyperscale data centre operator’s efforts towards a sustainable future. The facility is the first data centre green loan in Japan and will be used to finance the development of Airtrunk’s newest hyperscale data centre in Tokyo.
Withers Partners Gerald Fujii and Naoki Ueyama in Japan led the deal with support from Partner Steven Wheeler, Counsel Hiroyuki Sakazaki and Associate Takuto Sato.
AirTrunk’s latest data centre, named TOK2, will deliver 110MW of capacity in western Tokyo to complement the existing 300MW TOK1 campus that serves eastern Tokyo. As the eighth data centre in AirTrunk’s platform, TOK2 is built across more than 4.6 hectares of land and powered by high-voltage substations.
Gerald Fujii comments: “It has been a pleasure being able to advise MUFG and CACIB on this momentous step for AirTrunk towards achieving their sustainability goals. Japan is an upcoming hub for green finance and we are committed to paving the way for green loans, in line with the country’s efforts to support global sustainable development.”
“The successful conclusion of MUFG and CACIB’s green loan to AirTrunk is a testament to our robust sustainability practice in Asia and the collaborative efforts of our international team”, remarks Naoki Ueyama.