DC BLOX, a leading provider of connected data center and fiber network solutions across the Southeastern United States, today announced an expansion of its green Senior Secured Credit Facilities loan (SSCF) to $850 million from the original $265 million secured in October of 2024.
The increased SSCF commitment provides expanded capital capacity to support current and future development across DC BLOX’s hyperscale data center portfolio, including multiple IG-rated, preleased hyperscale data center projects in the broader Southeastern United States, where demand is still accelerating.
“Our best-of-breed financing terms and execution with our finance partners speaks volumes of our track record of execution and our strong customer composition,” said Melih Ileri, Chief Investment Officer of DC BLOX. “We were able to further develop our finance relationships with this loan and set ourselves up for accelerated growth. This financing also validates our development and operational capabilities, such as our ability to secure powered land, deliver projects on time, and meet the requirements of hyperscale customers.”
Since its inception, DC BLOX has been focused on delivering the foundational digital infrastructure in the Southeast, US that has set the stage for the region’s data center growth. Its two cable landing stations in Myrtle Beach, South Carolina, and Palm Coast, Florida, enable global connectivity to and from the region. DC BLOX’s dark fiber network across South Carolina and Georgia has become the network backbone enabling regional hyperscale data centers global access. Meeting the growing need for new edge-market data centers has been core to its business since the beginning.
Now the company is focused on building and leasing new hyperscale campuses across the region, taking advantage of the vertically integrated digital infrastructure platform it has created.
“DC BLOX is proud of our role in positioning the Southeast for future growth,” said Jeff Uphues, CEO of DC BLOX. “Data centers and the networks that connect them are vital for economic growth and we are thankful to our financing partners, local government leaders, customers, development partners, communities, and employees for sharing the vision and for the tremendous, sustained effort it takes to realize it.”
The financing is part of DC BLOX’s broader commitment to developing its digital infrastructure platform, backed by funds managed by Future Standard, a leading alternative asset manager with $93 billion worth of assets under management.
“This expanded financing underscores the strength of DC BLOX’s business and the market’s confidence in its strategy,” said Michael Bogdan, Chairman of the DC BLOX Board and Head of the Future Standard Digital Infrastructure Group. “Securing this level of capital reflects the company’s proven execution and accelerating growth. We’re proud to support DC BLOX as it scales its platform across the Southeast and grateful to our banking partners for their continued support in enabling this milestone.”
On the expanded SSCF, First Citizens Bank, Bank of America, Capital One, N.A., Citizens Bank, N.A., ING Capital LLC, and TD Securities have acted as Coordinating Lead Arrangers, First Citizens Bank acted as Admin Agent, and ING Capital LLC acted as Green Loan Structuring Agent. A&O Shearman acted as borrower’s legal counsel and Paul Hastings acted as lenders’ legal counsel.
For more information, please visit www.dcblox.com.
About DC BLOX
DC BLOX is a digital infrastructure provider in the Southeast that delivers integrated data center and fiber network solutions at scale to enable hyperscalers, enterprises, communications providers, and technology companies to offer enhanced digital services to their customers and accelerate the region’s economic growth. DC BLOX’s operating data centers are located in Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC; Myrtle Beach, SC, with new developments underway in Conyers, GA, Douglasville, GA, North Augusta, SC, Palm Coast, FL, and Montgomery, AL. For more information, please visit www.dcblox.com, call +1.877.590.1684, and connect with DC BLOX on X, LinkedIn, Facebook, and Instagram.
About Future Standard
Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit, real estate and infrastructure. With a 30+ year track record of value creation and $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.
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