ValorC3 Data Centers has secured new financing from Apterra Infrastructure Capital to support the continued development of its anchored hyperscale data centre campus in Boise, Idaho.
ValorC3 Data Centers (ValorC3), a developer and operator of high-performance data centres, has announced the successful closing of a credit facility (the Financing) with Apterra Infrastructure Capital (Apterra).
The Financing will fund the continued construction of ValorC3’s anchored Boise greenfield data centre project.
The Boise greenfield project supports ValorC3’s buy-and-build strategy of developing scalable, energy-efficient data centre infrastructure in underserved, high-growth-demand markets, with a primary focus on data centres in the 5-50MW size range. The anchored long-term lease at this campus with one of the world’s leading hyperscale technology companies demonstrates ValorC3’s credibility as a data centre solutions provider with holistic, in-house greenfield data centre development capabilities and its ability to secure high-quality leases with the leading players in the space.
“Closing this facility marks an important step in ValorC3’s growth and affirms our ability to execute creative, efficient financing solutions to support a growing development pipeline,” said Carter Groves, Chief Financial Officer, ValorC3 Data Centers. “We are excited to partner with Apterra, whose balance sheet capacity and long-term approach position them as an ideal capital partner alongside our sponsor CVC DIF as we continue to scale the platform.”
The Financing represents a significant milestone for ValorC3 and is intended to be the foundation of a longer-term capital relationship with Apterra to fund its expansion strategy across Tier 2 and Tier 3 data centre markets in the US.
“We are pleased to support ValorC3 on this transaction and look forward to building a long-term relationship,” said: Ralph Cho and Michael Pantelogianis, Co-CEOs, Apterra. “The Boise greenfield data centre project exemplifies the type of high-quality, contracted digital infrastructure assets we seek to finance.”
