DC BLOX, a supplier of colocation, fiber network and connected data center solutions throughout the Southeastern United States, has closed $1.15 billion in green loan financing for the construction of a data center campus in Douglas County, Georgia. The money will go toward building a 120 MW data center and expanding the site to accommodate another 80 MW, which may be available as early as 2027.
According to Melih Ileri, SVP of funding Markets & Strategy at DC BLOX, “obtaining this capital validates confidence in our execution track record. We have gained the trust of our clients and investors by consistently completing our projects on schedule and to a high standard, which has resulted in this remarkable expansion of our company.”
Following the announcement of multiple DC BLOX initiatives involving several hyperscale edge nodes around the Southeast, this project follows next. DC BLOX plans to quickly increase its footprint in the Atlanta area thanks to the availability of more hyperscale-ready data center capacity in Conyers, Georgia, and Douglasville, Georgia.
Jeff Uphues, CEO of DC BLOX, stated, “With this most recent project announcement, DC BLOX continues to deliver on its mission to build the foundational digital infrastructure needed to drive the Southeast’s growing economy. Atlanta is currently the US data center market with the fastest rate of growth, and we are pleased to help our clients increase their presence in our area.”
This funding comes after Post Road Group pledged expansion equity in the fourth quarter of 2024 and a previous $265 million green loan obtained from top industry lenders. Thanks to the rise of hyperscalers, DC BLOX is currently in a strong position to address the constantly increasing need for digital infrastructure.
Capital Partners
Michael Bogdan, Managing Partner at Post Road Group, said, “The DC BLOX management team has done a terrific job positioning the business for success in the Southeast with a consistent focus on serving the customer and community. We are grateful to our capital partners who have contributed to the company’s capitalization – to meet the amazing growth that the company has experienced.”
The administrative and structuring agent was ING Capital LLC. Initial Coordinating Lead Arrangers and Joint Bookrunners were ING, Mizuho Bank, Ltd., and Natixis Corporate & Investment Banking (Natixis CIB). The Coordinating Lead Arranger was First Citizens Bank. The Joint Lead Arrangers were KeyBank National Association, NA, The Toronto-Dominion Bank New York Branch, LBBW New York Branch, and CoBank ACB. The Mandated Lead Arranger was Huntington National Bank. Additionally acting as Joint Green Loan Coordinators were ING and Natixis CIB. DC BLOX was represented by A&O Shearman, while the lenders were represented by Milbank.
With new U.S. construction in Conyers, GA, Douglasville, GA, North Augusta, SC, Palm Coast, FL, and Montgomery, AL, DC BLOX now operates data centers in Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC; and Myrtle Beach, SC.
Post Road Group has invested $4.2 billion of cash on behalf of institutional investors worldwide since its founding in 2015. The company is situated in Stamford, Connecticut.
