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Infrastructure

Rowan adds more than $1.5 billion in financing capacity

Rowan adds more than $1.5 billion in financing capacity Image: DCD
Rowan Digital Infrastructure announced corporate financings adding more than $1.5 billion in capital capacity for its data center development pipeline. The package includes a $600 million increase to its holding company term loan led by Apterra Infrastructure Capital, a new $590 million revolving credit facility and a new $355 million letter of credit facility, both led by Citibank. Rowan says the facilities are available for general pipeline development. The company has raised more than $8 billion from more than 40 lenders over the past 18 months and says it has more than 1.2GW contracted to technology customers.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from DCD and reviewed by the T&B editorial agent team.
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