DC BLOX announced it has expanded its green Senior Secured Credit Facilities loan to $850 million, up from the original $265 million financing secured in October 2024, strengthening the company’s ability to scale hyperscale-ready digital infrastructure projects throughout the Southeastern United States.
The expanded financing commitment will provide additional capital to support current and future development across DC BLOX’s hyperscale data center portfolio, including multiple investment-grade rated, preleased hyperscale data center projects across the Southeast, where demand for digital infrastructure continues to rise.
DC BLOX said the financing supports its broader strategy of building integrated digital infrastructure across the region through its data centers, cable landing stations, and fiber network assets. The company’s cable landing stations in Myrtle Beach, South Carolina, and Palm Coast, Florida, provide international connectivity into the Southeast, while its dark fiber network across South Carolina and Georgia serves as a backbone for hyperscale data center connectivity.
The company has increasingly focused on developing and leasing hyperscale campuses across the Southeast while leveraging its vertically integrated digital infrastructure platform.
The financing is backed by funds managed by Future Standard, which manages approximately $93 billion in assets.
On the expanded SSCF transaction, First Citizens Bank, Bank of America, Capital One, Citizens Bank, ING Capital LLC, and TD Securities served as Coordinating Lead Arrangers. First Citizens Bank acted as Administrative Agent, while ING Capital LLC served as Green Loan Structuring Agent. A&O Shearman acted as borrower’s legal counsel and Paul Hastings acted as lenders’ legal counsel.
DC BLOX currently operates data centers in Birmingham and Huntsville, Alabama; Chattanooga, Tennessee; Greenville and Myrtle Beach, South Carolina; and is developing additional projects in Conyers and Douglasville, Georgia; North Augusta, South Carolina; Palm Coast, Florida; and Montgomery, Alabama.
KEY QUOTES:
“Our best-of-breed financing terms and execution with our finance partners speaks volumes of our track record of execution and our strong customer composition. We were able to further develop our finance relationships with this loan and set ourselves up for accelerated growth. This financing also validates our development and operational capabilities, such as our ability to secure powered land, deliver projects on time, and meet the requirements of hyperscale customers.”
Melih Ileri, Chief Investment Officer, DC BLOX
“DC BLOX is proud of our role in positioning the Southeast for future growth. Data centers and the networks that connect them are vital for economic growth and we are thankful to our financing partners, local government leaders, customers, development partners, communities, and employees for sharing the vision and for the tremendous, sustained effort it takes to realize it.”
Jeff Uphues, CEO, DC BLOX
“This expanded financing underscores the strength of DC BLOX’s business and the market’s confidence in its strategy. Securing this level of capital reflects the company’s proven execution and accelerating growth. We’re proud to support DC BLOX as it scales its platform across the Southeast and grateful to our banking partners for their continued support in enabling this milestone.”
Michael Bogdan, Chairman of the DC BLOX Board and Head of the Future Standard Digital Infrastructure Group
