ValorC3 Data Centers Secures Credit Facility to Advance Hyperscale Data Center Campus in Boise, Idaho
Boise, Idaho — ValorC3 Data Centers, a developer and operator of high-performance data centers based in St. George, Utah, announced on April 30, 2026, the successful closing of a credit facility with Apterra Infrastructure Capital to fund the continued construction of a greenfield hyperscale data center campus in Boise, Idaho. The financing deal marks a significant milestone for the company as it expands its footprint in what it describes as underserved, high-growth data center markets across the United States.
Background: ValorC3 and the Boise Data Center Project
ValorC3 Data Centers, formerly known as Tonaquint, recently rebranded to better reflect its mission of expanding colocation, cloud, and connectivity services across emerging U.S. markets. The “C3” in its name represents the company’s three core pillars: colocation, cloud, and connectivity. The company owns and operates carrier-neutral data centers across the Western United States and is backed by CVC DIF, a global infrastructure equity fund manager with over €23 billion in assets under management. CVC DIF operates as the infrastructure pillar of CVC Capital Partners, a multi-strategy private markets platform with cumulative assets under management exceeding €205 billion.
The Boise greenfield project is central to ValorC3’s buy-and-build strategy, which focuses on developing scalable, energy-efficient data center infrastructure in the 5-50 megawatt size range. The Boise campus has secured an anchored long-term lease with one of the world’s leading hyperscale technology companies — a detail the company did not publicly name — signaling strong institutional confidence in both the Boise market and ValorC3’s development capabilities.
Financing Details and Capital Partners
The credit facility was provided by Apterra Infrastructure Capital, an affiliate of Apollo Global Management. Apterra specializes in financing solutions for infrastructure projects and works with financial sponsors, developers, and asset managers to provide capital access across the infrastructure sector.
“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, Chief Financial Officer 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.”
Apterra’s Co-CEOs also expressed confidence in the project. “We are pleased to support ValorC3 on this transaction and look forward to building a long-term relationship,” said 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 financing is intended to serve as the foundation of a longer-term capital relationship between ValorC3 and Apterra as the company pursues expansion across what it identifies as Tier 2 and Tier 3 data center markets throughout the U.S.
Impact on Ada County Residents and the Treasure Valley Economy
For Ada County and the broader Treasure Valley, the ValorC3 project represents a continued vote of confidence in Boise as a destination for major technology infrastructure investment. Data center campuses of this scale typically bring significant economic activity, including construction jobs, long-term operational employment, and expanded broadband and connectivity infrastructure that can benefit local businesses and residents alike.
Boise has increasingly attracted attention from technology companies looking for viable alternatives to saturated markets in Seattle, Portland, and the San Francisco Bay Area. The arrival of hyperscale-anchored facilities signals that Idaho’s capital city is competing at the highest levels of the national digital infrastructure market. Projects like this complement other economic developments in Ada County that are drawing interest from technology and education sectors — including institutions like Boise State alumni recognized for contributions to local schools and broader community investments that make the Treasure Valley an attractive place to live, work, and build.
Data centers also generate substantial property tax revenue, which can provide relief to Ada County homeowners who have faced rising property tax burdens in recent years as the region’s population has grown rapidly.
What Comes Next
ValorC3 has not publicly disclosed a specific completion timeline for the Boise campus, but the closing of the Apterra credit facility indicates construction is actively progressing. The company has signaled that this transaction is the first in what it expects to be a broader, long-term capital relationship with Apterra to fund additional projects across the country.
Ada County residents and business owners interested in data center development activity in the Boise area can follow project updates through ValorC3’s official communications and local permitting records. Students and educators interested in the growing technology economy in Ada County — including opportunities tied to the annual ACHD student art contest and other community programs — may also find that expanding infrastructure like this creates long-term career pathways in Idaho’s technology sector.
For more information about ValorC3 Data Centers, visit the company’s official website. Apterra Infrastructure Capital can be reached at www.Apterra.com.