Rowan Digital Infrastructure, a sustainable hyperscale data center developer and a portfolio company of Quinbrook Infrastructure Partners, has closed $975 million of construction financing to build the first phase of a flagship hyperscale data center campus in Maryland.
The first phase of construction is under way, with additional phases in advanced development.
The financing was led by MUFG Bank and Sumitomo Mitsui Banking Corp. as co-structuring agents. MUFG, SMBC, Mizuho, and Bank of Nova Scotia served as coordinating lead arrangers and joint bookrunners. A total of 13 lenders participated in the financing.
“Rowan appreciates our lenders’ support for this critical hyperscale project,” said Kevin Mammel, CFO of Rowan. “With the scale and pace of Rowan’s development pipeline advancing rapidly, strong financing partners are critical to supporting Rowan in delivering sustainable, energy-efficient data centers that meet the timing demands of our hypersca
