DC BLOX, a provider of connected data center and fiber network solutions across the Southeastern United States, expanded its green senior secured credit facilities loan (SSCF) to $850 million from the original $265 million secured in October of 2024.
The increased SSCF commitment provides expanded capital capacity to support current and future development across DC BLOX’s hyperscale data center portfolio, including multiple IG-rated, preleased hyperscale data center projects in the broader Southeastern United States, where demand is still accelerating.
“Our best-of-breed financing terms and execution with our finance partners speaks volumes of our track record of execution and our strong customer composition,” Melih Ileri, chief investment officer of DC BLOX, said. “We were able to further develop our finance relationships with this loan and set ourselves up for accelerated growth. This financing also validates our development and operational capabilities, such as our ability to secure powered land, deliver projects on time, and meet the requirements of hyperscale customers.”
Jeff Uphues, CEO of DC BLOX, added, “DC BLOX is proud of our role in positioning the Southeast for future growth. Data centers and the networks that connect them are vital for economic growth and we are thankful to our financing partners, local government leaders, customers, development partners, communities and employees for sharing the vision and for the tremendous, sustained effort it takes to realize it.”
The financing is part of DC BLOX’s broader commitment to developing its digital infrastructure platform, backed by funds managed by Future Standard, an alternative asset manager with $93 billion worth of assets under management.
“This expanded financing underscores the strength of DC BLOX’s business and the market’s confidence in its strategy,” Michael Bogdan, chairman of the DC BLOX board and head of the future standard digital infrastructure group, said. “Securing this level of capital reflects the company’s proven execution and accelerating growth. We’re proud to support DC BLOX as it scales its platform across the Southeast and grateful to our banking partners for their continued support in enabling this milestone.”
On the expanded SSCF, First Citizens Bank, Bank of America, Capital One, Citizens Bank, ING Capital and TD Securities have acted as coordinating lead arrangers, First Citizens Bank acted as admin agent and ING Capital acted as green loan structuring agent. A&O Shearman acted as borrower’s legal counsel and Paul Hastings acted as lenders’ legal counsel.
