Serverfarm increases North American credit facility to $1.637bn

Serverfarm has increased its North American credit facility to $1.637 billion. Led by TD Securities, the increased credit facility has added seven new lenders for a total of 19.

“Following our recent 500MW+ Houston announcement, we’re delighted to have access to additional capital to support Serverfarm’s strong track record of providing near-term capacity to key customers,” said Avner Papouchado, CEO, Serverfarm. “Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.”

Recep Kendircioglu, global head of infrastructure at Manulife Investment Management, added: “We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them. The strong interest that we have received from the lender community is a testament to the strength of the Serverfarm platform and the company’s significant growth potential.”