DC BLOX has announced it has closed $1.15 billion in green loan financing for the construction of a new data center campus in Douglas County, Georgia. The company reports the campus is designed for high-demand cloud and artificial intelligence workloads, with an initial capacity of 120 megawatts. Plans for campus expansion will enable an additional 80 megawatts of capacity, which DC BLOX states could be online as early as 2027.
According to DC BLOX, the new financing builds on a previous $265 million green loan and growth equity investment from Post Road Group in the fourth quarter of 2024. It claims this places DC BLOX in a strong position to meet rapidly increasing digital infrastructure needs driven by hyperscale expansion.
Technical and financial details include ING Capital serving as Structuring and Administrative Agent; ING, Mizuho Bank, and Natixis Corporate & Investment Banking acting as Initial Coordinating Lead Arrangers and Joint Bookrunners; and First Citizens Bank as Coordinating Lead Arranger. Additional Joint Lead Arrangers are CoBank, LBBW New York Branch, The Toronto-Dominion Bank New York Branch, and KeyBank National Association. The Huntington National Bank served as Mandated Lead Arranger. ING and Natixis Corporate & Investment Banking also acted as Joint Green Loan Coordinators. A&O Shearman acted as counsel to DC BLOX, and Milbank represented the lenders.
Melih Ileri, SVP of Capital Markets and Strategy at DC BLOX, stated, “Securing this capital confirms confidence in our execution track record,” said Ileri. “Continuing to deliver our projects on-time and with excellence has earned us the trust of our customers and investors, leading to this historic growth in our business.”
Source: DC BLOX
