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Data Center News > Blog > Colocation > Serverfarm secures $747 million of additional financing capacity
Colocation

Serverfarm secures $747 million of additional financing capacity

Last updated: December 17, 2024 8:48 pm
Published December 17, 2024
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Serverfarm secures $747 million of additional financing capacity
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World demand for prime quality hyperscale colocation capability for cloud and AI deployments continues to speed up within the North American market, which is considerably constrained for giant, campus-scale near-term capability.

With a portfolio of secured powered land, provide chain commitments and award-winning design, development and operations groups, the Serverfarm platform is uniquely positioned as a trusted hyperscale companion to ship to those calls for with velocity and at scale.

“Following our latest 500MW+ Houston announcement, we’re delighted to have entry to further capital to help Serverfarm’s robust monitor report of offering near-term capability to key clients”, mentioned Avner Papouchado, CEO, Serverfarm. “Quickly accelerating cloud and AI demand along with long-term and sizable commitments from hyperscale clients is driving development throughout the Serverfarm portfolio.” [See attached image]

“We’re grateful for our financing companions and stay up for persevering with to construct on the strategic long-term relationships we’ve with them,” mentioned Recep Kendircioglu, World Head of Infrastructure, Manulife Funding Administration. “The robust curiosity that we’ve acquired from the lender group is a testomony to the energy of the Serverfarm platform and the corporate’s vital development potential.”

The upsize added seven new lenders to the banking syndicate, which now totals 19 lenders.

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See also  HiringBranch Receives $2.5M in Growth Financing from CIBC Innovation Banking
TAGGED: Additional, capacity, Financing, million, Secures, Serverfarm
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