#USA #Los Angeles #Manulife #TD Securities #Serverfarm

Serverfarm Expands Credit Facility to Meet Hyperscale Demand

Introduction
Serverfarm, a prominent global data center developer, has made headlines with its recent move to enhance its credit facility to an impressive $1.637 billion, led by TD Securities. This strategic upsize comes amid a significant surge in demand from hyperscale tenants who are increasingly reliant on cloud and AI solutions.

Demand for Data Centers
The North American market has been experiencing an unprecedented demand for high-quality hyperscale colocation capacity, particularly for cloud and AI deployments. However, there is a stark constraint in available capacity, particularly for large-scale campus operations. Serverfarm is well-positioned to address this challenge, backed by its extensive portfolio of powered land and strong supply chain commitments, coupled with award-winning teams in design, construction, and operations.

Strategic Growth and New Financing
CEO Avner Papouchado expressed enthusiasm for the additional capital, attributing it to Serverfarm’s robust track record in providing crucial capacity to significant clients. Along with the recent announcement of over 500 MW capacity expansion in Houston, the need for swift responses to the rising cloud and AI demand has become evident. This growth trajectory is bolstered by sizeable and long-term commitments from hyperscale customers, signaling a bright outlook for Serverfarm.

Support from Financing Partners
Recep Kendircioglu, Global Head of Infrastructure at Manulife Investment Management, acknowledged the invaluable relationships with their financing partners. The substantial interest from the lending community reflects confidence in Serverfarm’s potential and solidifies the company's strategic growth path. With the latest upsize, the banking syndicate has increased to 19 lenders, enhancing Serverfarm's financial landscape.

About Serverfarm
Serverfarm is recognized as a multi-regional data center platform, delivering tailor-made data center solutions for hyperscale, webscale, and technology network sectors. Their services encompass colocation, data center design, and IT infrastructure management, supported by proprietary technology known as InCommand DMaaS. As the demand for innovative data center solutions continues to surge, Serverfarm is strategically positioned to cater to the evolving needs of its clients effectively.

Manulife's Commitment
Manulife Wealth Asset Management, part of Manulife Financial Corporation, plays a crucial role in supporting Serverfarm’s ambitions. With a focus on empowering individuals and institutions to invest wisely for their futures, Manulife is recognized for its long-standing commitment to risk management and financial advice, addressing the diverse needs of clients globally.

Conclusion
As Serverfarm accelerates its growth and expands its financial framework, it stands as a vital player in the North American data center landscape. With a clear focus on meeting the needs of hyperscale customers, the company is set to play a critical role in shaping the future of cloud and AI deployment capacities.

Visit
For additional information on Serverfarm, explore serverfarmllc.com.

For insights into Manulife’s comprehensive financial services, visit manulifeim.com.