DC BLOX Secures $1.15 Billion Green Loan for Atlanta Data Center Expansion
DC BLOX's $1.15 billion green loan financing marks a significant step in meeting the Southeast's growing demand for digital infrastructure, particularly for cloud and AI workloads.
DC BLOX, a prominent provider of connected data center and fiber network solutions in the Southeastern United States, has successfully closed a $1.15 billion green loan. This financing is earmarked for the development of a data center campus in Douglas County, Georgia, aimed at catering to the increasing needs of cloud and artificial intelligence (AI) workloads. The project includes the construction of a 120 MW data center, with plans for campus expansion to accommodate an additional 80 MW by 2027.
Melih Ileri, SVP of Capital Markets & Strategy at DC BLOX, highlighted the significance of this financing, stating, 'Securing this capital confirms confidence in our execution track record.' This development is part of DC BLOX's broader strategy to enhance its digital infrastructure footprint in the Southeast, following recent projects such as the establishment of hyperscale edge nodes across the region.
Jeff Uphues, CEO of DC BLOX, emphasized the project's role in supporting the Southeast's economic growth, noting, 'Atlanta is the fastest-growing data center market in the US today.' The financing builds on previous financial milestones, including a $265 million green loan and growth equity from Post Road Group in late 2024, positioning DC BLOX to meet the surging demand for digital infrastructure.
The financing was facilitated by a consortium of leading financial institutions, with ING Capital LLC serving as the Structuring and Administrative Agent. Other key participants included Mizuho Bank, Ltd, Natixis Corporate & Investment Banking, and First Citizens Bank, among others. Legal counsel for the transaction was provided by A&O Shearman for DC BLOX and Milbank for the lenders.
This initiative underscores DC BLOX's commitment to advancing the Southeast's digital infrastructure, enabling businesses to expand their operations and contribute to the region's economic development. For more information on DC BLOX's projects and services, visit https://www.dcblox.com.