The five-year sustainability-linked refinancing consolidates several loan facilities into a single, multi-currency structure across multiple funding currencies; the Apac property firm wants to grow its core logistics and data centre businesses.
The $500m, A$500m and R7bn financing package will refinance existing debt and support the South African miner’s expansion into Australian copper; copper is used in renewable energy and AI.
As Apac green financing grows, the funding, backed by 30 institutions including IFC, will help develop hyperscale campus JHB2 in Johor, which is targeting a design power usage effectiveness of 1.37 and using water-efficient cooling technology.