DC BLOX recently announced that it has secured “significant” funding to further its hyperscale data center expansion plans. The company raised additional funding from existing and new investors, with Post Road Group and Bain Capital Credit being at the forefront. With this additional capital, DC BLOX will be able to deploy over $1 billion in total capital for the future construction and development of powered-land banking opportunities and strengthening its position in the hyperscale-ready data center market.
On top of this, the company also successfully obtained a $265 million green Senior Secured Credit Facilities loan arranged by First Citizens Bank, ING Capital, and Nomura Securities International, Inc. “This eco-friendly financing will be used to develop multiple preleased hyperscale-driven edge sites and invest in energy infrastructure for 216 MW of utility power in a recently contracted project.”
DC BLOX’s CEO Jeff Uphues remarked that this financial backing shows confidence in the company’s ability to meet the increasing digital infrastructure needs of its clients. This funding will also aid with the company’s different inititiaves from edge market data centers and the Myrtale Beach cable landing station to regional fiber network and a multitude of 150MW+ hyperscale campuses.
“As part of the transaction, Bain Capital Credit and Post Road Group have converted their existing debt positions to equity in DC BLOX, underscoring their belief in the company’s growth trajectory. This move strengthens DC BLOX’s position as a leader in the Southeastern U.S. data center landscape, combining deep regional expertise with vertically integrated infrastructure development capabilities.”
