Rowan Digital Infrastructure secures $1.5B in new financing
Rowan Digital Infrastructure has secured more than $1.5 billion in new financing to fund early development across its 5.5 GW pipeline of US data centres, W.Media reports. The money will pay for land, power procurement and long-lead equipment orders.
The package expands Rowan's term loan with Apterra Infrastructure Capital by $600 million to $900 million and adds a $590 million revolving credit facility and a $355 million letter of credit facility, both led by Citibank. The two facilities can grow to $2 billion and $1 billion. Rowan says more than 1.2 GW of its capacity is already contracted to technology companies.
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