02:46 PM EST, 12/05/2024 (MT Newswires) -- Blackstone (BX) is in talks with a consortium of banks, including DBS Group, OCBC, Standard Chartered, and Sumitomo Mitsui, for a AU$4 billion ($2.58 billion) multi-currency loan for Australian data center operator AirTrunk, Bloomberg reported Thursday.

Terms of the loan are yet to be finalized, the people told Bloomberg.

Proceeds will be used to refinance AirTrunk's existing debt and finance capital expenditures, the report said.

Blackstone and the banks did not immediately respond to MT Newswires' requests for comment.

Blackstone shares were up 1.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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