DC BLOX Increases its Green Loan Financing to $850 Million

DC BLOX announced an expansion of its green Senior Secured Credit Facilities loan to $850 million from the original $265 million secured in October of 2024. The increased commitment provides capital capacity to support current and future development of hyperscale data center projects in the Southeastern United States. Melih Ileri, chief investment officer of DC BLOX, said the financing terms and execution with finance partners reflect the company's track record of execution and strong customer composition. He said the loan further develops finance relationships and sets the company up for growth while validating development and operational capabilities. DC BLOX operates cable landing stations in Myrtle Beach, South Carolina, and Palm Coast, Florida. Its dark fiber network across South Carolina and Georgia serves as the network backbone for regional hyperscale data centers. The company is focused on building and leasing new hyperscale campuses across the region. Jeff Uphues, chief executive officer of DC BLOX, said data centers and the networks that connect them are vital for economic growth. He thanked financing partners, local government leaders, customers, development partners, communities, and employees. The financing is backed by funds managed by Future Standard, an alternative asset manager with $93 billion in assets under management. Michael Bogdan, chairman of the DC BLOX board and head of the Future Standard Digital Infrastructure Group, said the expanded financing reflects the company's proven execution and growth. First Citizens Bank, Bank of America, Capital One N.A., Citizens Bank N.A., ING Capital LLC, and TD Securities acted as coordinating lead arrangers. First Citizens Bank acted as administrative agent, and ING Capital LLC acted as green loan structuring agent.