Rowan Takes Texas with US$550m for 300MW Cinco Data Centre

Rowan Digital Infrastructure has secured US$550m of construction financing for its 300MW Cinco data centre in Medina County, Texas. 

The project broke ground in September 2025 and represents a minimum US$900m direct investment in the local community. 

Cinco will deliver critical capacity for next-generation compute in one of the fastest-growing technology corridors in the US.

The latest funding continues Rowan’s strong debt-raising track record. 

Over the past 18 months, the company has raised more than US$4bn from over 40 lenders, reinforcing the fundamentals of its portfolio of hyperscale projects contracted to top-tier customers.

Green Loan framework guides funding

The US$550m financing closes under Rowan’s new Green Loan Framework, which has received a “Strong” rating from Sustainalytics. 

The framework reflects Rowan’s focus on transparency, responsible development and alignment with environmental financing standards adopted by the market.

Kevin Mammel, CFO at Rowan says: “Securing this financing under our new Green Loan Framework and with such a sophisticated group of partners is an important validation of Rowan’s development strategy and high-quality project portfolio.

“Cinco demonstrates our ability to execute at scale, to raise capital in a disciplined and credible way and to align our growth with high-integrity financing standards.”

TD and Mizuho lead the transaction as co-structuring agents, coordinating lead arrangers and joint bookrunners. 

Huntington National Bank and ICBC also act as coordinating lead arrangers and joint bookrunners. Lloyds Bank participates as a joint lead arranger alongside another institution. TD serves as green loan advisor.

Cinco expands regional capacity

Cinco is Rowan’s first phase of development in the region and is expected to support high-performance computing and hyperscale workloads for its clients. 

The US$900m investment underlines the company’s role in expanding digital infrastructure in a rapidly growing technology corridor.

The facility will add substantial power and cooling capacity for enterprise and cloud providers, reflecting growing demand for data centre space capable of supporting AI, analytics and next-generation cloud workloads. 

The project highlights the trend of large-scale investments in energy-efficient and environmentally compliant data centre design.

Momentum from previous financing

The initial Cinco financial close follows a year of extensive capital activity for Rowan. In 2025, the company completed more than US$3bn in financing for its flagship Maryland campus, one of the largest digital infrastructure financings in the region. 

Rowan also finalised a US$300m credit facility to strengthen its balance sheet while accelerating ongoing capacity expansion and development.

Kevin adds: “These achievements show that major financial institutions believe in Rowan’s execution capability, our differentiated project portfolio and our vision for building the infrastructure that will power tomorrow’s digital economy. 

“We’re entering 2026 on an incredibly strong financial footing with solid growth momentum.”

Rowan’s approach reflects a wider trend in the data centre sector, where large-scale financing increasingly links to sustainability standards. 

The company’s Green Loan Framework provides lenders and investors with transparency on environmental performance while enabling rapid deployment of infrastructure that meets the evolving needs of hyperscale cloud, enterprise and AI workloads.

Cinco joins Rowan’s growing network of hyperscale projects designed to address the rising demand for high-density compute. 

With financing now secured, the project moves into the next development phase, positioning Rowan as a significant player in the US digital infrastructure market and reinforcing its capability to deliver large-scale, environmentally compliant data centres at pace.