Serverfarm secures $747 million of additional financing capacity

Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.

  • Tuesday, 17th December 2024 Posted 1 year ago in by Phil Alsop

Global demand for high quality hyperscale colocation capacity for cloud and AI deployments continues to accelerate in the North American market, which is significantly constrained for large, campus-scale near-term capacity.

With a portfolio of secured powered land, supply chain commitments and award-winning design, construction and operations teams, the Serverfarm platform is uniquely positioned as a trusted hyperscale partner to deliver to these demands with speed and at scale.

“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”, said Avner Papouchado, CEO, Serverfarm. “Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.” [See attached image]

“We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them,” said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management. “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.

DataVita offers full-time role to whoever builds the most impressive project using OpenClaw – no...
12th September 2026 marks the second year of the awareness day, created to help recognise the role...
Real estate investor Castleforge, in partnership with full-service data centre operator and...
DWS-backed platform completes strategic expansion, now operating eleven UK data centers serving...
Italian startup Xference launches operations in Aruba data centers in Ponte San Pietro (Bergamo)...
A new Hoare Lea report finds that data centre planning applications are being delayed by an average...
Ellis Patents has launched the Hercules Heavy Duty Cable Hanger for use in data centres, aimed at...
Vantage Data Centers has appointed a new Global Chief People Officer and Chief Operating Officer...