Serverfarm, a global data center developer and operator, increased its North American credit facility led by TD Securities to $1.637 billion as part of its accelerated business growth backed by long-term commitments from hyperscale customers.
“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,” Avner Papouchado, CEO of Serverfarm, said. “Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.”
“We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them,” Recep Kendircioglu, global head of infrastructure at Manulife Investment Management, said. “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.”
The upsize added seven new lenders to the banking syndicate, which now totals 19 lenders.
