Compass Datacenters has secured a $326 million refinancing agreement backed by five hyperscale data centers in Red Oak, Texas and hopes to add three more adjacent facilities with a combined construction cost of $300 million.
Wilmington Trust will provide the financing for the refinance, while KeyBank will be the servicer. The fixed-rate agreement has a maturity date set for 2050.
The Dallas Business Journal reports that Compass hopes to add three more adjacent facilities with a combined construction cost of $300 million.
Upon full build-out, the campus is expected to have a total of 10 buildings across 300 acres, with 360 megawatts of capacity.
The five existing facilities came online between 2024 and 2025 and are fully occupied by a single tenant. Boasting a total power capacity of 180 megawatts, the properties feature N+1 redundancy and air-cooling systems. Oncor provides electricity via two on-campus substations.
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