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Compass Datacenters Lands Refi on 5 Red Oak Facilities
Compass Datacenters has secured a $326 million refinancing agreement backed by five hyperscale data centers in Red Oak, Texas.
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.
