DataBank Establishes $725 Million Financing Facility to Support the Next Phase of Expansion

Flexible financing vehicle will allow company to accelerate construction projects to meet surging demand for data center capacity driven by A.I. workloadsDallas, TX April 9, 2024 DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects.The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas. In order to qualify as a green loan, the facilities being financed will meet specific sustainability criteria for water conservation, carbon emissions reduction, and a low Power Usage Effectiveness (PUE). Just one month before that, it had announced the acquisition of a 95-acre campus in Atlanta capable of supporting another 120MW and 1M gross square feet of data center space. Jones Day was DataBanks legal advisor for the transaction.Recognized by Deloitte as one of the fastest-growing private U.S. companies in 2023, DataBank helps the worlds largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era.Our edge colocation and infrastructure footprint consists of 65+ HPC-ready data centers in 27+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give our customers absolute confidence in their IT infrastructure and the power to create a boundless digital future for their business.To learn more, Follow us on LinkedIn or Subscribe to our YouTube channel.