Serverfarm Secures $3 Billion Syndicated Credit Facility to Fuel North American Data Center Expansion
January 30, 2026
In a significant move to capitalize on the booming demand for AI and hyperscale computing infrastructure, data center developer Serverfarm has successfully closed a massive $3 billion credit facility. The financing, backed by a syndicate of 23 institutional lenders, underscores the intense capital requirements and investor confidence in the data center sector's long-term growth trajectory. The substantial capital injection will be directed towards accelerating the development of three strategic campuses across North America. The funds will support the construction of a potential 500-megawatt hyperscale campus spanning 250 acres in Houston, Texas. Additionally, Serverfarm plans to expand its existing 498,960-square-foot facility in Covington, Georgia, adding significant capacity to its current 60-megawatt operation. A further 4-megawatt expansion is also slated for an existing site in Toronto, Canada. Avner Papouchado, CEO of Serverfarm, emphasized the strategic importance of the deal, stating, "This $3 billion facility provides the capital foundation to accelerate our hyperscale campus development pipeline at a time when speed to market is a competitive differentiator." He added that the company's design approach enables accelerated delivery, allowing clients "to deploy GPU-intensive workloads when timing matters most." The credit facility was arranged with strong support from the lender community, which includes strategic partners of both Serverfarm and its owner, Manulife Investment Management. Recep Kendircioglu, global head of infrastructure at Manulife Investment Management, noted, "We see attractive opportunities to deploy capital to develop data center infrastructure globally and are excited to continue to support the Serverfarm platform in executing its growth plans." Founded in 2009 and acquired by Manulife in 2023, Serverfarm currently operates a portfolio of 10 data centers, with seven located in the United States and three in Amsterdam, London, and Israel. This new financing round positions the company to aggressively compete in key North American markets, where demand for high-density, AI-ready facilities continues to outpace supply. The deal signals robust financial backing for infrastructure projects aimed at supporting the next wave of cloud and artificial intelligence workloads. Source: datacenterdynamics
