Pure DC secures $780M in debt for data center expansion
Martin Lynch's Oaktree-backed Pure DC says the November 4th financing is for land, energy and general corporate purposes, interim CEO Gary Wojtaszek told Bloomberg, with a $1.1 billion expansion option on undisclosed terms.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
Data center development now turns on who can lock up powered land before hyperscale and AI demand arrives. Pure DC's $780 million package, expandable by $1.1 billion on undisclosed terms, gives interim CEO Gary Wojtaszek capital aimed at land and energy across Europe and the Middle East, after separate Pure DC financing announcements in May and July whose relationship to the November package Pure DC has not disclosed.
Pure Data Centres Group, known as Pure DC, the data center developer founded by Martin Lynch, announced $780 million in financing on November 4th with an option to expand the package by another $1.1 billion, according to Bloomberg.…
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