Pure DC Receives $780M Growth Facility to Expand Power-First AI Data Centres Across Europe and the Middle East

Pure Data Centres Group (Pure DC) has agreed a US$780 million Platform Growth Facility with a US$1.1 billion accordion, which could lift total financing to around US$1.9 billion. Citigroup Global Markets, First Abu Dhabi Bank and Infranity join the lender group for the first time, alongside existing backers ABN AMRO, Allianz Global Investors and SMBC.

The Oaktree-backed operator will use the facility to fund its development pipeline and acquire new sites, taking financing announced over the past 12 months beyond US$6.2 billion. This follows US$2.7 billion secured in May and €1.3 billion for Phase 1 of its Seinäjoki AI campus in Finland in July.

Executive Chairman and interim CEO Gary Wojtaszek said power is the biggest constraint on cloud and AI growth, explaining that Pure DC secures power first before developing capacity, and that the facility will help it move faster across its pipeline. The company plans to use secured power sites for large-scale AI training campuses linked to smaller inference data centres.

CFO Mike Schwartz said the new lenders reflect confidence in Pure DC’s assets and delivery record, while Ashish Agrawal, Global Co-Head AI Infrastructure Coverage at Citigroup Global Markets, said the bank was proud to play a leading role in its expansion.

Featured image: Credit: Pure DC