Hyperscale data center developer Rowan Digital Infrastructure is in the market with USD 300m non-recourse-debt raise for data center recapitalization, NPM has learned.

Apterra Infrastructure Capitalisleadingthe syndication process launched recently.

Neither Rowan nor Apterra replied to emails seeking comment.

The transaction is associated with three data centers, with a combined capacity of 600 MW, that Rowan is building in Maryland, contracted with Amazon.

Rowan has announced plans to build three data centers at the Quantum Loophole data center campus in the state. Aligned Data Centersis also building a 72 MW hyperscale data center on a 75-acre plot, an eventual four-building campus with a total capacity of 264 MW.

The new Rowan debt will come on the back of a USD 1.24bn financing secured by Rowan for its campus in Maryland. Prior to that in January, the company had closed USD 975m of construction financing to build the first phase of the project.

Separately, Apterra is syndicating a USD 200m holdco debt raise to recapitalize a portfolio of data centers held by TierPoint, as reported.

Rowan Digital Infrastructure is a sustainable hyperscale data center developer and a portfolio company of Quinbrook Infrastructure Partners. It develops sustainable data center campuses for hyperscale customers, offering build-to-suit solutions that enable rapid and cost-effective scaling.

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