Blackstone-Owned Airtrunk Mulls ABS Bonds to Fuel Asian Growth

Blackstone Inc. is considering tapping the asset-backed securities market to fund the expansion plans of AirTrunk Pte., an Australia-based date center firm that it acquired last year, according to people familiar with the matter.

The private equity firm is in early talks to structure ABS bonds to raise capital in support of AirTrunk’s growth in Asia Pacific, the people said, who asked not to be named discussing private matters. If the deal materializes, AirTrunk would be among the first major data center firms in the region to package a securitization deal.

The move could offer a new funding source ...