We advised the agent and arrangers on the facility

Davis Polk advised the administrative agent and the coordinating lead arrangers on a $925 million project financing to Rowan Frederick III, LLC for the construction of a data center campus located in Frederick County, Maryland.

Rowan Frederick III, LLC is a special purpose vehicle of Rowan Digital Infrastructure, a hyperscale data center developer and a portfolio company of Quinbrook Infrastructure Partners.

Rowan was established in November 2020 to support hyperscale data center users in meeting their development needs sustainably. Rowan specializes in delivering customized data center solutions, focusing on speed and scalability for its hyperscale partners. Rowan’s scope of services includes land acquisition, built-environment, energy and water sustainability solutions, renewable power supply and other infrastructure.

The Davis Polk infrastructure finance team included partner David J. Penna, counsel Kailash Gupta and associates Julia Y. Chen and Max Berman. Partner Brian D. Hirsch and counsel Julie E. Dechen provided real estate advice. Partner Ethan R. Goldman provided tax advice. Partner Meyer C. Dworkin and counsel Matthew J. Wiener provided ISDA advice. Counsel Jarret Erickson provided bankruptcy advice. Members of the Davis Polk team are based in the Washington DC and New York offices.

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