Macquarie’s data centre business AirTrunk has pulled off 2023’s biggest loan yet.
It is understood AirTrunk’s $4.76 billion ask, put to investors back in June, was met with strong demand. It was two-times oversubscribed and would see the fast-growing business pay about 300 basis points above swaps.
A frequent capital markets visitor, AirTrunk is well known to debt capital markets by now. Nonetheless, its successful raising is a temperature check on loan markets and shows they are willing to bankroll deals they like.
Street Talk also checked on how Barrenjoey’s Suncorp miss with the competition regulator could affect its part-owner Magellan Financial Group’s upcoming results.
Oh, and before we forget, Street Talk’s July 19 scoop of fashion powerhouse Zimmermann’s bid from Advent International was officially confirmed on Tuesday and dutifully repeated by other publications.
Dual listed silver and zinc explorer Adriatic Metals had its brokers drumming up bids into a $US30 million ($45.6 million) placement on Tuesday morning.
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