Serverfarm has increased its North American credit facility to $1.637 billion.

Led by TD Securities, the increased credit facility has added seven new lenders for a total of 19.

“Following our recent 500MW+ Houston announcement, we’re delighted to have access to additional capital to support Serverfarm’s strong track record of providing near-term capacity to key customers,” said Avner Papouchado, CEO, Serverfarm. “Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.”

Recep Kendircioglu, global head of infrastructure at Manulife Investment Management, added: “We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them. The strong interest that we have received from the lender community is a testament to the strength of the Serverfarm platform and the company’s significant growth potential.”

Serverfarm, founded in 2009 by real estate development firm Red Sea Group, was acquired by Manulife last year. The company acquired the Houston sites in September of this year, and operates eight other data centers across North America, Europe, and Israel with a total of 1.5 million gross sq ft (139,400 sqm) of data center space and 125MW of IT capacity.

This month, Serverfarm signed a Heads of Term agreement to form a joint venture with the Independent Power Transmission Operator (IPTO) of Greece. The joint venture, Gemini, aims to construct and operate hyperscale-ready data center facilities on IPTO-owned sites in Athens and elsewhere in Greece.