DC BLOX secures additional capital for data center development

Oct. 8, 2024
The new funding includes a $265 million green loan.

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.

For related articles, visit the Data Center Topic Center.

For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.

To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.

About the Author

Hayden Beeson

Hayden Beeson is a writer and editor with over seven years of experience in a variety of industries. Prior to joining Lightwave and Broadband Technology Report, he was the associate editor of Architectural SSL and LEDs Magazine. 

Sponsored Recommendations

The Road to 800G/1.6T in the Data Center

Oct. 31, 2024
Join us as we discuss the opportunities, challenges, and technologies enabling the realization and rapid adoption of cost-effective 800G and 1.6T+ optical connectivity solutions...

Advances in Fiber & Cable

Oct. 3, 2024
Attend this robust webinar where advancements in materials for greater durability and scalable solutions for future-proofing networks are discussed.

On Topic: Fiber - The Rural Equation

Oct. 29, 2024
RURAL BROADBAND:AN OPPORTUNITY AND A CHALLENGE The rural broadband market has always been a challenge for service providers. However, the recent COVID-19 pandemic highlighted ...

On Topic: Optical Players Race to Stay Pace With the AI Revolution

Sept. 18, 2024
The optical industry is moving fast with new approaches to satisfying the ever-growing demand from hyperscalers, which are balancing growing bandwidth demands with power efficiency...