Rowan Digital Infrastructure Secures $550M Financing for Texas Data Center

Rowan Digital Infrastructure's successful acquisition of $550 million in construction financing marks a significant step in the development of its Cinco data center campus in Medina County, Texas. The financing, led by TD and Mizuho with participation from Huntington National Bank, ICBC, and Lloyds Bank, underscores the strong investor confidence in Rowan's strategy and the growing demand for data center capacity. The project, backed by Quinbrook, is expected to be fully operational in 2027, with the initial 60MW phase coming online this year. The utilization of a Green Loan Framework further highlights the increasing emphasis on sustainable practices within the digital infrastructure sector. The Cinco data center, with a planned capacity of 300MW, will significantly contribute to the data center landscape in the San Antonio area. The involvement of major financial institutions like TD, Mizuho, and ICBC demonstrates the scale and importance of this project. Quinbrook's backing, coupled with Rowan's focus on digital infrastructure assets, positions the Cinco data center to capitalize on the increasing demand for data storage and processing capabilities driven by cloud computing, artificial intelligence, and other data-intensive applications. The participation of University Pension Plan Ontario as an investor further validates the long-term investment potential of this asset class.