Rowan Secures $550 Million of Construction Financing for 300 MW Cinco Project in Texas
Denver, CO – Feb. 11, 2026 – Rowan Digital Infrastructure (Rowan) today announced the successful financial close of approximately $550 million of construction financing for Cinco, the company’s 300-megawatt data center development in Medina County, Texas. With this latest close, Rowan has raised over $4 billion of debt funding in the last 18 months from over 40 lenders, underscoring the strong fundamentals of Rowan’s growing portfolio of hyperscale project solutions contracted to top tier customers.
The $550 million construction financing will support the first of many development phases at Cinco, which broke ground in September 2025. The project represents a minimum $900 million direct investment in the local community and will deliver critical capacity for next-generation compute in one of the country’s fastest-growing technology corridors.
The financing was completed under Rowan’s new Green Loan Framework, which recently received a “Strong” rating from Sustainalytics, reflecting Rowan’s commitment to transparency, responsible development, and alignment with market-leading environmental financing standards.
The transaction was led by TD and Mizuho as co-structuring agents, coordinating lead arrangers, and joint bookrunners, with Huntington National Bank and ICBC acting as coordinating lead arrangers and joint bookrunners. Lloyds Bank participated as joint lead arranger in collaboration with another institution. TD served as green loan advisor.
“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,” said Kevin Mammel, Chief Financial Officer at Rowan. “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.”
The initial Cinco financial close caps a year of significant capital momentum for Rowan. In 2025, the company completed more than $3 billion in financing for its flagship Maryland campus, one of the region’s largest digital-infrastructure financings, as well as a $300 million credit facility strengthening Rowan’s balance sheet while accelerating ongoing capacity growth and development.
“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,” Mammel added. “We’re entering 2026 on an incredibly strong financial footing with solid growth momentum.”
About Rowan Digital Infrastructure
Rowan Digital Infrastructure develops sustainable data center campuses for hyperscale customers, offering build-to-suit solutions that enable rapid and cost-effective scaling. Founded in November 2020, Rowan is supported by strong capital partnerships and a team of industry veterans. Rowan is a portfolio company of Quinbrook, a leading investor in the clean energy transition. Rowan is actively developing multiple 300 MW to 1+ GW campuses across the U.S. to meet the next-generation capacity needs of hyperscale operators in a dynamic market.
About Quinbrook
Quinbrook is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition. Led and managed by a senior team of energy industry professionals, Quinbrook is an accomplished asset creator and business builder that conceives, develops, constructs and operates a diverse array of innovative infrastructure projects and growth platforms. Since its founding in 2015, Quinbrook has invested in over 40 GW of energy infrastructure assets and businesses representing a total transaction value exceeding USD 27 billion spanning large-scale renewable power generation, biofuels production, long duration storage, hyperscale data centre infrastructure, AI powered asset optimisation, grid support and flexibility solutions in North America, the UK/Ireland and Australia.
Media Inquiries
Nathaniel Brown, Director of Public Relations and Strategic Communications
Email: nbrown@rowan.digital
Call/text: 971-219-5561