Serverfarm announced it has closed a $3 billion credit facility, finalized in December 2025, to fund the development and construction of multiple hyperscale campus projects across key North American markets. The company said the financing is supported by a syndicate of 23 institutional lenders and is designed to enable it to deliver AI-ready data center infrastructure for cloud providers and AI companies seeking massive-scale deployments.
The company said the facility will support a pipeline of campus developments, including a hyperscale site in Houston with more than 500MW of development potential across 250 acres in the city’s energy corridor, along with dual on-site substations. It also cited an expansion in Atlanta, describing a 498,960-square-foot facility in Covington that would provide 60MW of critical IT capacity for a single hyperscale tenant. In Toronto, Serverfarm said it has an additional 4MW of expansion capacity at its existing location to support growth for a hyperscale customer in the Canadian market.
Serverfarm framed the financing as a way to accelerate delivery timelines at a time when time-to-market is increasingly central to winning large-scale capacity commitments. The company cited its “basis of design” approach as enabling accelerated build schedules for high-density deployments supporting GPU-intensive workloads.
The developer is backed by Manulife Investment Management, which said it continues to see opportunities to deploy capital into data center infrastructure and will continue to support the Serverfarm platform as it executes its growth plans. TD Securities served as administrative agent and joint lead arranger for the credit facility, according to the announcement.
Serverfarm also highlighted its use of closed-loop water-cooling infrastructure, stating it deploys the system across its locations to eliminate water waste while meeting the thermal demands of high-density AI-ready data centers. The company said it operates facilities in markets including Amsterdam, London, Chicago, Los Angeles, Moses Lake, Northern Virginia, and Tel Aviv, in addition to Houston, Atlanta, and Toronto.
KEY QUOTES
“This $3.0 billion facility provides the capital foundation to accelerate our hyperscale campus development pipeline at a time when speed to market is a competitive differentiator,” said Avner Papouchado, CEO of Serverfarm. “Our proven basis-of-design enables accelerated delivery timelines, allowing cloud providers and AI innovators to deploy GPU-intensive workloads when timing matters most. This credit facility ensures we can meet unprecedented demand for high-density, AI-ready infrastructure across our strategic North American portfolio.”
Avner Papouchado, CEO, Serverfarm
“We appreciate the strong support from the lender community including strategic partners of both Serverfarm and Manulife IM,” said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management. “We see attractive opportunities to deploy capital to develop data center infrastructure globally and are excited to continue to support the Serverfarm platform in executing its growth plans.”
Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management
