#None #Serverfarm #Hyperscale #Cloud

Serverfarm Expands Credit Facility

Serverfarm, a global player in the data center development and operations field, has announced a significant increase to its North American credit facility, now totaling $1.637 billion. This development, led by TD Securities, exemplifies Serverfarm's aggressive growth strategy fueled by a surge in demand from hyperscale customers, particularly for cloud and artificial intelligence deployments.

In the era of rapid technological advancement, the need for high-quality hyperscale colocation capacity is reaching new heights, especially in the North American market. This region faces a notable shortage of large-scale capacity, making Serverfarm's efforts pivotal for clients needing immediate and scalable solutions. The company’s track record of delivering near-term capacity is strongly supported by their secure land portfolio, along with well-established supply chain partnerships and an award-winning team specializing in design, construction, and operations.

Avner Papouchado, Serverfarm's CEO, expressed his enthusiasm regarding the additional capital: "Following our recent 500 MW announcement in Houston, we're thrilled to have this access to extra funding, which supports our ongoing efforts to meet our key customers' demands. The acceleration of cloud and AI requirements, combined with substantial long-term commitments from our hyperscale clients, continues to drive our growth."

As part of this credit facility expansion, Serverfarm welcomed seven new lenders to its banking syndicate, bringing the total to 19. This influx of institutional support underscores the lender community's confidence in Serverfarm's robust business model and the extensive growth potential it holds.

Recep Kendircioglu, Global Head of Infrastructure at Manulife Investment Management, highlighted the strategic partnerships that facilitated this expansion: "We are grateful for our financing partners and look forward to nurturing the strong, long-term relationships we’ve built with them. The overwhelming interest from lenders reflects the strength of the Serverfarm platform and its substantial growth potential."

Serverfarm, leveraging its capacity enhancements, is well-positioned to respond to the escalating needs of major hyperscale and webscale technology clients. Its solutions encompass colocation, data center design, and IT infrastructure management, further augmented by Serverfarm's own proprietary InCommand DMaaS technology.

As part of Manulife Financial Corporation, Manulife Wealth Asset Management provides a wide range of investment services to millions around the globe, ensuring decisions are easier and lives are better. Their commitment extends to developing comprehensive retirement plan services and responsible capital stewardship, aiming for superior investment outcomes.

In conclusion, with an ever-growing demand for cloud and AI technologies, Serverfarm stands as a beacon of innovation and reliability within the data center sector. By securing additional financing and expanding its facilities, Serverfarm showcases its dedication to meeting urgent market needs, reaffirming its role as a trusted hyperscale partner in a rapidly evolving digital landscape.