Flexential Secures $800 Million for Data Center Projects

Flexential has established an $800 million credit facility to fund new data center capacity across four markets, the company announced in a press release.

The financing will support more than 130 MW of new capacity. Projects under construction include a 36 MW facility in Atlanta Douglasville, Georgia, a 36 MW facility in Portland Hillsboro, Oregon, and a 22.5 MW facility in Denver Parker, Colorado.

Flexential also plans another 36 MW facility in Portland Hillsboro and a 4.5 MW expansion next to its existing operations in Atlanta Norcross, Georgia.

The credit facility was increased from an initial target of $500 million. Flexential said the facility was supported by a syndicate of 11 digital infrastructure banks.