Secures $1.545 billion in financial capacity… Rowan to support 5.5GW development

Rowan, a data center developer, said it secured $1.545 billion in new corporate financing capacity to support early-stage development of its U.S. projects, comprising a $600 million increase to a holding-company term loan, a new $590 million revolving credit facility and a $355 million letter-of-credit line. The total reflects combined borrowing limits rather than fully drawn cash, and Rowan did not disclose actual drawdowns. The package gives the developer substantial headroom to fund site work and pre-construction costs across a pipeline it describes as 5.5 GW. It matters because data center buildouts are capital-intensive and early-stage spending typically precedes revenue, so access to revolving and letter-of-credit capacity signals lender support for Rowan's expansion. What to watch next is how much of the facilities Rowan actually draws and whether the financing translates into construction milestones or new customer commitments.