Rowan Digital Infrastructure secures $1.5 billion for data center pipeline

Rowan Digital Infrastructure announced on November 12 that it secured more than $1.5 billion in new capital capacity. The financing accelerates the company's ability to secure land, power, and equipment for its 5.5 gigawatt development pipeline. This brings the total financing raised by the Denver-based developer from over 40 lenders in the past 18 months to more than $8 billion.

The corporate-level facilities provide capacity for general pipeline development. They are designed to expedite the earliest project stages. This includes land acquisition, power securing, and long-lead equipment procurement. Rowan has already contracted more than 1.2 gigawatts of its planned capacity with major technology customers.

Financing structure and key lenders

The $1.545 billion in new financing combines three facilities. An existing holding company term loan was upsized by $600 million, led by Apterra Infrastructure Capital. This increased the total facility from $300 million to $900 million. The original facility was established in September 2025.

Citibank, N.A. served as lead left arranger and administrative agent for two new credit facilities. These consist of a $590 million revolving credit facility and a $355 million letter of credit facility. Both include an accordion feature for potential future expansion. The revolving facility can grow to $2 billion, and the letter of credit facility to $1 billion, subject to certain conditions.

The lender group is a consortium of major international banks.

Green finance framework and sustainability credentials

A significant portion of Rowan's project financing aligns with its Green Finance Framework. This framework supports qualifying sustainable digital infrastructure projects. Its first issuance was a $925 million financing for the Bauxite Phase III project in Maryland. Morningstar Sustainalytics rated the framework 'Strong'.

To date, the company has secured approximately $4.4 billion under this framework across three projects. This includes nearly $3 billion secured in May 2026 for its 300-megawatt Temple campus, which was the largest single financing in Rowan's history. The company also obtained $550 million in construction financing for its 300-megawatt Cinco campus in Texas in February 2026.

Project pipeline and customer demand

Rowan's development pipeline totals approximately 5.5 gigawatts of planned capacity across multiple U.S. markets. The company develops sustainable, hyperscale data center campuses ranging from about 300 megawatts to over one gigawatt in capacity. These are build-to-suit solutions for major technology partners.

Charley Daitch, CEO of Rowan Digital Infrastructure, linked the financing to the company's core strategy. "Rowan has been built on the thesis that speed to power and deep community engagement will define the next era of digital infrastructure," Daitch said.

The new capital is expressly intended to accelerate the pace of development. It will fund the critical early work of securing land rights and grid interconnection. It will also lock in orders for long-lead-time equipment, directly addressing the urgent need for faster deployment of hyperscale data center capacity.