DC BLOX, an Atlanta-based provider of connected data center and fiber network solutions, has announced the expansion of its green Senior Secured Credit Facilities loan to USD 850 million, more than tripling the original USD 265 million commitment the company secured in October 2024.

The expanded financing is intended to accelerate the development of hyperscale-ready digital infrastructure across the Southeastern United States, where the company says demand continues to grow.

From USD 265 Million to USD 850 Million

The increased Senior Secured Credit Facilities commitment represents a significant step-up from the financing DC BLOX put in place roughly eighteen months ago.

The company said the expanded capital will support current and future development across its hyperscale data center portfolio, including multiple investment-grade-rated, preleased hyperscale data center projects located throughout the broader Southeast region.

Melih Ileri, Chief Investment Officer of DC BLOX, framed the expansion as a reflection of both the company's operational track record and the quality of its customer base.

"Our best-of-breed financing terms and execution with our finance partners speak volumes of our track record of execution and our strong customer composition," Ileri said.

"We were able to further develop our finance relationships with this loan and set ourselves up for accelerated growth. This financing also validates our development and operational capabilities, such as our ability to secure powered land, deliver projects on time, and meet the requirements of hyperscale customers."

A Vertically Integrated Platform Built Over Time

DC BLOX has positioned itself as a vertically integrated digital infrastructure provider in the Southeast, a platform it says it built from the ground up over the course of several years.

Central to that platform are two cable landing stations, one in Myrtle Beach, South Carolina, and one in Palm Coast, Florida, which the company says enable global connectivity to and from the region.

Those stations are complemented by a dark fiber network spanning South Carolina and Georgia, which DC BLOX describes as the network backbone, giving regional hyperscale data centers access to global networks.

The company currently operates data centers in Birmingham, Alabama; Huntsville, Alabama; Chattanooga, Tennessee; Greenville, South Carolina; and Myrtle Beach, South Carolina.

New developments are underway in Conyers, Georgia; Douglasville, Georgia; North Augusta, South Carolina; Palm Coast, Florida; and Montgomery, Alabama. Jeff Uphues, CEO of DC BLOX, said the company's focus has now shifted toward building and leasing new hyperscale campuses across the region, leveraging the integrated infrastructure it has assembled.

"DC BLOX is proud of our role in positioning the Southeast for future growth," Uphues said.

"Data centers and the networks that connect them are vital for economic growth, and we are thankful to our financing partners, local government leaders, customers, development partners, communities, and employees for sharing the vision and for the tremendous, sustained effort it takes to realize it."

Future Standard Backing the Capital Raise

The financing is backed by funds managed by Future Standard, a global alternative asset manager with USD 93 billion in assets under management and a self-described track record of more than 30 years in private equity, credit, real estate, and infrastructure investment.

Future Standard is the primary institutional backer behind DC BLOX's broader development strategy. Michael Bogdan, Chairman of the DC BLOX Board and Head of the Future Standard Digital Infrastructure Group, said the expanded loan reflects broader market confidence in both the company and its regional strategy.

"This expanded financing underscores the strength of DC BLOX's business and the market's confidence in its strategy," Bogdan said. "Securing this level of capital reflects the company's proven execution and accelerating growth.

We're proud to support DC BLOX as it scales its platform across the Southeast and grateful to our banking partners for their continued support in enabling this milestone."

Banking Syndicate and Legal Advisors

The expanded green loan facility involved a syndicate of major financial institutions. First Citizens Bank, Bank of America, Capital One N.A., Citizens Bank N.A., ING Capital LLC, and TD Securities acted as Coordinating Lead Arrangers on the transaction.

First Citizens Bank served as Administrative Agent, while ING Capital LLC took on the role of Green Loan Structuring Agent. On the legal side, A&O Shearman acted as borrower's counsel and Paul Hastings served as lenders' counsel.

The green loan designation adds an environmental dimension to the financing structure, consistent with a broader industry trend of labeling data center infrastructure financing under sustainability-linked or green frameworks.

DC BLOX did not provide additional details in its announcement regarding the specific green criteria or metrics associated with the facility.

Southeast Demand Driving Expansion Strategy

DC BLOX has long argued that the Southeastern United States represents an underserved but rapidly accelerating market for large-scale digital infrastructure.

The company's current round of financing reflects its intention to capitalize on that dynamic at a substantially larger scale than its earlier growth phases allowed.

With preleased, investment-grade projects already in development at multiple sites across the region, the company is deploying the newly expanded capital into a pipeline it describes as already taking shape.