Stack Infrastructure, the US-based data centre platform backed by Blue Owl Capital, is pursuing an AUD1.3bn (approximately $833m) syndicated loan to fund its continued growth in Asia-Pacific, according to a report by Bloomberg citing sources familiar with the matter.
The five-year facility will support Stack’s ongoing data centre buildout in Australia, where the company currently operates sites in Canberra and Melbourne. Deutsche Bank, MUFG, Natixis, OCBC, and Société Générale have been mandated as lead arrangers and bookrunners on the transaction, which is now being marketed to a broader syndicate of lenders.
The move comes amid surging demand for hyperscale infrastructure driven by rapid AI adoption and continued cloud investment across Asia. The region has emerged as a focal point for data centre capital deployment, with projected annual demand growth of 32% through 2028 – significantly outpacing North America, according to data from Cushman & Wakefield.
Stack joins a wave of activity in the sector, including recent financings such as AirTrunk’s SGD2.2bn green loan for a new Singapore development and DayOne’s $3.4bn-equivalent raise, led by GDS Holdings.
Founded in 2019 by IPI Partners, Stack was brought under the Blue Owl umbrella following its acquisition of IPI earlier this year. The company now operates a portfolio of 23 data centre sites globally, positioning it to capitalise on accelerating infrastructure demand in key markets.
