Rowan Digital Infrastructure, a sustainable hyperscale data center developer and portfolio company of Quinbrook Infrastructure Partners, has closed on an additional $1.24 billion of construction financing to build the second phase of a flagship hyperscale data center campus in Maryland.
The latest financing follows $975 million of financing that was secured for the first phase of the project, bringing the total debt raised for the campus to $2.2 billion.
The financing was led by Sumitomo Mitsui Banking Corp. (SMBC) and MUFG Bank as co-structuring agents. SMBC, MUFG, Mizuho and TD Securities served as coordinating lead arrangers and joint bookrunners. A total of 14 lenders took part in the financing, with additional banks expected to join through a secondary syndication in March.
“Rowan is grateful for our lenders’ continued support for phase two of our flagship campus,” said Kevin Mammel, CFO of Rowan. “Repeat participation from our existing financing pa
