Apterra Infrastructure Capital and Citibank have led more than $1.5bn (€1.35bn) in corporate-level debt facilities for US data centre developer Rowan Digital Infrastructure to progress its 5.5GW development pipeline.
Rowan said the financing comprises a $600m upsize of its holding company term loan led by Apollo Asset Management-backed Apterra, increasing a $300m facility closed with the infrastructure lender in September 2025 to $900m.
The finance package also includes a new $590m revolving credit facility and a $355m letter of credit facility, each led by Citibank alongside a lenders comprising Mizuho Bank, MUFG Bank, Goldman Sachs Bank USA, Societe Generale, Sumitomo Mitsui Banking Corporation and Huntington National Bank.
Charley Daitch, CEO of Rowan Digital Infrastructure, said: “Rowan has been built on the thesis that speed to power and deep community engagement will define the next era of digital infrastructure.
“With more than 1.2GW already contracted to world-class technology leaders, Rowan maintains an expansive portfolio of strategic locations to continuously scale support for our hyperscale partners. Securing corporate financing from banks of this caliber is a milestone in Rowan’s growth and a reflection of the team and platform we’ve built.”
Ralph Cho and Michael Pantelogianis, co-CEOs of Apterra, said: “Rowan has set a high bar in hyperscale data centre development, and we are pleased to build on our relationship through this financing.
“Demand for digital infrastructure financing continues to accelerate, and Apterra is well positioned to support leading developers as they scale.”
Saad Zaman, managing director at Citibank, said: “Citi is honored to serve as left lead arranger, bookrunner and administrative agent on Rowan’s inaugural syndicated corporate credit facilities, a milestone in the company’s evolution that provides scalable relationship capital to support future growth.”
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