Key Takeaways
- • Rowan Digital Infrastructure, backed by Blackstone-managed funds, has secured approximately $1.5bn in additional financing to fund development of its US data centre portfolio, according to Bloomberg.
- • The package includes a $600m increase to an existing term loan from Apterra Infrastructure Capital, a $590m revolving credit facility, and a $355m letter of credit led by Citibank.
- • Proceeds will fund early-stage development, including land acquisition, power infrastructure and equipment procurement.
- • Rowan is building a pipeline of roughly 5.5 gigawatts of capacity aimed at hyperscale technology customers, including projects in Texas, Maryland and Oregon.
- • The financing arrives amid growing US regulatory uncertainty around data centre development, though the company says hyperscale demand remains strong.
Summary
Rowan Digital Infrastructure, the Denver-based data centre developer, has secured approximately $1.5bn in additional financing to support the build-out of its US data centre portfolio, according to a report by Bloomberg. The capital reflects continued investor appetite for infrastructure supporting artificial intelligence workloads, which is driving demand for data centre capacity.
The financing package comprises three components: a $600m increase to an existing term loan provided by Apterra Infrastructure Capital, a $590m revolving credit facility, and a $355m letter of credit led by Citibank. Proceeds are earmarked for early-stage project development, including land acquisition, power infrastructure and equipment procurement.
Rowan is developing a pipeline of approximately 5.5 gigawatts of data centre capacity targeting hyperscale technology companies. Its named projects include two 300-megawatt facilities in Texas, a 600-megawatt campus in Maryland and a 300-megawatt development in Oregon.
The company was founded in 2020 by digital infrastructure investor Quinbrook Infrastructure Partners. In April 2026, Rowan secured a significant minority investment from Blackstone-managed funds. The latest financing comes amid growing regulatory uncertainty surrounding US data centre development, although the company maintains that demand from hyperscale customers remains strong.
The financing package comprises three components: a $600m increase to an existing term loan provided by Apterra Infrastructure Capital, a $590m revolving credit facility, and a $355m letter of credit led by Citibank. Proceeds are earmarked for early-stage project development, including land acquisition, power infrastructure and equipment procurement.
Rowan is developing a pipeline of approximately 5.5 gigawatts of data centre capacity targeting hyperscale technology companies. Its named projects include two 300-megawatt facilities in Texas, a 600-megawatt campus in Maryland and a 300-megawatt development in Oregon.
The company was founded in 2020 by digital infrastructure investor Quinbrook Infrastructure Partners. In April 2026, Rowan secured a significant minority investment from Blackstone-managed funds. The latest financing comes amid growing regulatory uncertainty surrounding US data centre development, although the company maintains that demand from hyperscale customers remains strong.
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