Milbank LLP represented Rowan Digital Infrastructure, a leading developer of sustainable hyperscale data center campuses, in connection with two project financings for the company’s Texas data center developments.
Most recently, Milbank advised on Rowan’s approximately $3 billion debt financing to support the construction of a 300 MW turnkey data center campus in Temple, Texas. The transaction represents the largest financing in the company’s history and was completed under Rowan’s Green Finance Framework.
Milbank also recently advised Rowan on a $550 million construction financing for Cinco, Rowan’s 300 MW data center development in Medina County, Texas. The financing, also completed under Rowan’s Green Finance Framework, will support the first of many development phases at Cinco.
The Milbank teams advising on the transactions were led by Global Project, Energy and Infrastructure Finance partner and co-chair of Milbank’s Digital Infrastructure Practice Group Jaime Ramirez and Global Project, Energy and Infrastructure Finance partner Leah Chacón and Global Project, Energy and Infrastructure Finance associates Travis Haltom, Claire Xu and David Naftulin; and included Alternative Investments partner Elizabeth Martinez, special counsel Joel Cavanaugh, associate Julia Koinoff and law clerk Zack Ziegler; and Environmental partner Thomas Goslin and associate Allison Sloto.
Milbank’s Digital Infrastructure Practice Group is the leading legal advisor driving digital infrastructure transactions across the entire value chain — from GPU procurement to powered land, data centers, buy-side/sell-side and capital raises (debt/equity) throughout the capital stack.
