Serverfarm, a developer of large-scale, high-performance data center infrastructure backed by Manulife Investment Management, has closed a $3 billion credit facility to fund the development and construction of multiple hyperscale campus projects across strategic North American markets.
The financing facility, which was supported by a syndicate of 23 institutional lenders, provides capital for Serverfarm to rapidly deliver artificial intelligence (AI)–ready infrastructure for cloud providers and AI innovators requiring massive-scale deployments.
The credit facility will fund the development and construction of several hyperscale campuses across the United States. These include a hyperscale campus in Houston with more than 500 megawatts of development potential across 250 acres in the city’s energy corridor; a 498,960-square-foot facility in Covington, Ga., offering 60 megawatts of critical IT capacity for a single hyperscale tenant; and 4 megawatts of expansion capa
