Blackstone-backed Rowan secures $1.5bn for data centre expansion
Blackstone-backed Rowan Digital Infrastructure has secured approximately $1.5bn in additional financing to support the development of its US data centre portfolio, as investment in artificial intelligence infrastructure continues to drive demand for capacity, according to a report by Bloomberg. The financing package comprises a $600m increase to an existing term loan provided by Apterra…
Blackstone-supported Rowan Digital Infrastructure has obtained roughly $1.5 billion in fresh financing to aid the construction of its US data centres, as the market for AI infrastructure expands, as stated by Bloomberg. This financing package consists of a $600 million boost to a current term loan from Apterra Infrastructure Capital, in conjunction with a $590 million revolving credit facility and a $355 million letter of credit overseen by Citibank.
The funds will be utilized for early-stage project development, encompassing land acquisition, power infrastructure, and equipment procurement. Denver-based Rowan is in the process of developing a portfolio of roughly 5.5 gigawatts of data centre capacity, aimed at hyperscale technology firms. Among its ongoing projects are two 300-megawatt facilities in Texas, a 600-megawatt campus in Maryland, and a 300-megawatt development in Oregon.
Established in 2020 by digital infrastructure investor Quinbrook Infrastructure Partners, Rowan received a substantial minority investment from Blackstone-managed funds in April 2026. The most recent funding arrives amidst increasing regulatory uncertainty surrounding US data centre development, despite the company's assertion that demand from hyperscale customers remains robust.
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