On October 8, interconnected data center and fiber network solution provider DC BLOX announced new funding from new and existing investors led by Post Road Group and Bain Capital Credit (who will convert their existing debt positions to equity in DC BLOX). This funding will reportedly enable the deployment of over $1 billion of total capital to finance future data center development and construction as well as land banking opportunities.
The company has also secured a green Senior Secured Credit Facilities (SSCF) loan of $265 million from First Citizens Bank, ING Capital, and Nomura Securities International, Inc.—funds that will be used for hyperscale-driven edge site development and energy infrastructure.
Melih Ileri, senior vice president of Capital Markets and Strategy at DC BLOX, reported that the debt infusion and incremental equity commitment will allow the company to achieve its development goals, and DC BLOX CEO Jeff Uphues said the support was a vote of confidence in the companies’ ability to meet digital infrastructure and customer needs.
“From our edge market data centers, Myrtle Beach cable landing station, regional fiber network, and multiple 150MW+ hyperscale campuses, DC BLOX is building the digital infrastructure needed to drive future economic growth across the Southeast,” said Uphues in a press release.
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