Press release

DC BLOX Raises Additional Capital and Secures $265 Million Green Loan

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DC BLOX, a leading provider of interconnected data centers, today announced it has raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of over $1 billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s market position as a hyperscale-ready data center platform.

DC BLOX also announced it has secured a $265 million green Senior Secured Credit Facilities loan (“SSCF”) from its Joint Lead Arrangers First Citizens Bank, ING Capital (“ING”), and Nomura Securities International, Inc. (“Nomura”) to develop multiple preleased hyperscale-driven edge sites and to invest in energy infrastructure for 216 MW of utility power in one of its recently contracted projects.

“The financial support from our partners demonstrates confidence in our ability to satisfy the rapidly growing digital infrastructure needs of our customers,” said Jeff Uphues, CEO of DC BLOX. “From our edge market data centers, Myrtle Beach cable landing station, regional fiber network, and multiple 150MW+ hyperscale campuses, DC BLOX is building the digital infrastructure needed to drive future economic growth across the Southeast.”

“The debt infusion and incremental equity commitment have positioned the company to achieve its ambitious development goals,” stated Melih Ileri, SVP of Capital Markets and Strategy at DC BLOX. “We are grateful for the support from our partners at First Citizens Bank and ING, and Nomura’s creativity and speed of execution was greatly appreciated by the company.”

“As DC BLOX addresses the significant digital infrastructure growth opportunities by building and operating new hyperscale facilities, it remains a preeminent leader in the Southeastern U.S. data center landscape with a unique combination of deep regional expertise and vertically integrated infrastructure development capabilities,” said Michael Bogdan, Managing Partner at Post Road Group.

As part of the transaction Bain Capital Credit and Post Road Group will convert their existing debt positions to equity in DC BLOX, as a testament to their conviction in the company’s growth trajectory.

“We are excited to continue our support of the DC BLOX team as they leverage their extensive expertise and strong local relationships to address the complex digital infrastructure needs of hyperscale and enterprise customers across the Southeast,” remarked Brian Hirschfeld, Partner at Bain Capital.

“We are pleased to support DC BLOX and its best-in-class management team on this milestone transaction by leveraging our deep data center lending expertise,” said Jeremy Wolfe, a Managing Director who led the First Citizens banking team on the transaction.

“The green loan for DC BLOX underscores our commitment to supporting energy-efficient data centers, a critical step in reducing the environmental impact of digital infrastructure. By financing such energy-efficient assets, we’re helping drive innovation and meaningful progress toward a low-carbon future,” stated Cindy Jia, ING Head of Sustainable Finance, Americas.

“Nomura is excited to partner with DC BLOX and leverage our intellectual and financial capital to provide this innovative financing solution to enable them to scale up their portfolio of data centers,” said Vinod Mukani, Global Head of Nomura’s Infrastructure & Power business. “This facility strengthens DC BLOX’s liquidity position, and we look forward to continuing to support the team’s continued growth in the digital infrastructure sector.”

In connection with the SSCF transaction, Guggenheim Securities served as Sole Placement Agent to DC BLOX, with First Citizens Bank, ING, and Nomura serving as Joint Lead Arrangers, First Citizens Bank serving as Administrative Agent, and ING serving as the Green Loan Structuring Agent.

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 data centers are located in Atlanta, GA; Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC, Myrtle Beach, SC, with several others in development. 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 Post Road Group

Post Road Group is an alternative investment advisory firm with approximately $2.4 billion of assets under management, located in Stamford, CT. Post Road Group originates and executes investments across four distinct but complementary strategies: Corporate, Real Estate Credit, Real Estate Equity and Specialty Finance. Since its founding in 2015, the firm has invested and committed over $3.4 billion of capital. Post Road Group’s Corporate Team targets investments in digital infrastructure, TMT, business services, software and special situations. To learn more, visit www.postroadgroup.com.

About Bain Capital Credit

Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $48 billion in assets under management. Bain Capital Credit invests across the capital structure through a wide array of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private credit, asset-based finance, structured products, and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. Bain Capital Credit recognizes the increasingly critical role digital infrastructure plays in enabling global communication and commerce. Through deep sector expertise and strategic partnerships, Bain Capital Credit has supported innovative platforms across the ecosystem including data centers, residential fiber, enterprise wireline, and satellite services.