Data center firm ValorC3 has secured new financing to fuel its data center build-out in Idaho.

The company this week announced the successful closing of a credit facility with Apterra Infrastructure Capital. The size of the facility was not shared.

The company said the financing will fund the continued construction of ValorC3's greenfield data center project in Boise, Idaho.

The facility is anchored by a long-term lease with “one of the world's leading hyperscale technology companies.”

On its website, Valor said it is developing a 10MW built-to-suit facility in Boise for a Fortune 50 technology company, with a second 10MW facility planned.

Apterra is an affiliate of Apollo Global Management offering financing solutions for infrastructure projects.

"Closing this facility marks an important step in ValorC3's growth and affirms our ability to execute creative, efficient financing solutions to support a growing development pipeline," said Carter Groves, CFO of ValorC3 Data Centers. "We are excited to partner with Apterra, whose balance sheet capacity and long-term approach position them as an ideal capital partner alongside our sponsor CVC DIF as we continue to scale the platform."

CVC DIF-owned ValorC3 – previously known as Tonaquint – owns and operates data centers in St. George, Utah; Oklahoma City, Oklahoma; and Boise, Idaho.

"We are pleased to support ValorC3 on this transaction and look forward to building a long-term relationship," stated Ralph Cho and Michael Pantelogianis, co-CEOs of Apterra. "The Boise greenfield data center project exemplifies the type of high-quality, contracted digital infrastructure assets we seek to finance."

The company entered the Boise market in 2020 with the acquisition of Fiberpipe Data Centers; the existing 2MW, 45,600 sq ft (4,250 sqm) building, located at 10215 W Emerald Street, was constructed in 1999. On its website, Valor says the site has expansion potential to 5MW.

What is now ValorC3 was founded in 2008 in Utah as a subsidiary of local developer Kay H. Traveller; DIF Capital Partners (now CVC DIF) acquired the company at the start of 2023.

The company took over its facility in Oklahoma City with the acquisition of EdgeX Data Centers in 2023.