AIB Data Centers targets CLT1 buildout using customer prepayments, project-level debt and preferred equity, CEO says
NBIS•AIB Data Centers outlined a plan to fund its CLT1 buildout with customer prepayments, potential project-level debt and preferred equity. Management does not currently expect to issue corporate-level common equity under the current development plan.
1. CLT1 funding plan
AIB Data Centers plans to combine customer prepayments with potential project-level debt and preferred equity to fund CLT1. Near-term priorities include advancing the project toward delivery, securing the contemplated financing and meeting commitments under its 12-year contract with Nebius. The company also plans to expand power-rich sites for additional AI and high-performance computing opportunities.
