Macquarie Technology Group Limited (ASX: MAQ) has announced the successful completion of a $50 million incremental debt facility, increasing MAQ’s secured revolving loan facility to $500 million.

The newly secured $50 million will enable Macquarie Data Centres to expedite capacity delivery beyond the initial 6 megawatts (MW) at the company’s flagship development site, IC3 Super West, located in Macquarie Park.

The funds will facilitate the acquisition of long lead-time equipment, supporting a planned capacity of 19MW out of 47MW. This approach aligns with current market dynamics which is seeing customer demand for larger capacity and faster lead times.

The incremental facility has been arranged under the existing syndicated facility agreement, with the current banking group providing the additional funding.