Serverfarm – a global data center developer and operator – announced it has increased its North American credit facility led by TD Securities to $1.637 billion as part of its accelerated business growth backed by significant long-term commitments from hyper-scale customers.
The global demand for high-quality hyperscale colocation capacity for cloud and AI deployments continues to accelerate in the North American market, significantly constrained by large campus-scale near-term capacity. And with a portfolio of secured powered land, supply chain commitments, and construction and operations teams, the Serverfarm platform is uniquely positioned as a trusted hyperscale partner to deliver to these demands quickly and at scale.
The upsize added seven new lenders to the banking syndicate, now totaling 19 lenders.
KEY QUOTES:
“Following our recent 500MW+ Houston announcement, we’re delighted to have access to additional capital to support Serverfarm’s strong track record of providing near-term capacity to key customers. Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.”
- Avner Papouchado, CEO, Serverfarm
“We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them. The strong interest that we have received from the lender community is a testament to the strength of the Serverfarm platform and the company’s significant growth potential.”
- Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management
