Hyperscale data centre developer Rowan Digital Infrastructure has secured more than $1.5bn in new corporate-level debt capacity to support its 5.5GW project pipeline across the US.
The funding package comprises a $600m term loan expansion alongside a new $590m revolving credit facility and a $355m letter of credit facility.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Apterra Infrastructure Capital led the term loan expansion, which lifts a corporate credit facility closed in September 2025 from $300m to $900m.
Rowan Digital Infrastructure CEO Charley Daitch said: “Rowan has been built on the thesis that speed to power and deep community engagement will define the next era of digital infrastructure.
“With more than 1.2GW already contracted to world-class technology leaders, Rowan maintains an expansive portfolio of strategic locations to continuously scale support for our hyperscale partners.
“Securing corporate financing from banks of this calibre is a milestone in Rowan’s growth and a reflection of the team and platform we’ve built.”
Citibank served as lead left arranger and administrative agent for the revolving and letter of credit arrangements.
These facilities provide liquidity for early development stages, including land acquisition and equipment procurement, whilst allowing Rowan to satisfy utility interconnection and supplier deposits without posting cash collateral.
Accordion features allow Rowan to expand the revolver to $2bn and the letter of credit facility to $1bn.
The participating banking syndicate includes Goldman Sachs Bank, Huntington National Bank, Mizuho Bank, MUFG Bank, Societe Generale, and Sumitomo Mitsui Banking.
Apterra co-CEOs Ralph Cho and Michael Pantelogianis said: “Rowan has set a high bar in hyperscale data centre development, and we are pleased to build on our relationship through this financing.
“Demand for digital infrastructure financing continues to accelerate, and Apterra is well positioned to support leading developers as they scale.”
The latest credit agreements lift Rowan’s total borrowing to more than $8bn across over 40 lenders during the past 18 months.
Previous project milestones include $4.4bn raised under its Green Finance Framework across three sites: Frederick County, Maryland’s Bauxite Phase III ($925m); the 300 MW Cinco campus in Medina County, Texas ($550m); and the 300 MW Temple facility, which secured nearly $3bn in May 2026.
Backed by Quinbrook and Blackstone, Rowan develops hyperscale campuses ranging from 300MW to over 1GW. The company was founded in late 2020.
Simpson Thacher & Bartlett and Kirkland & Ellis acted as legal counsel for Rowan, while Dechert and Milbank represented the lender groups.
