Dallas TX – September 24, 2025 – DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has issued $1.1 billion of secured notes into a new master trust that represents its fifth overall securitization since 2021, bringing the total securitized portfolio to $3.23 billion of investment grade bonds. The issuance is also DataBank’s second green bond financing and its first for hyperscale facilities. The new ABS trust is also the first to be dual-rated by both S&P and Moody’s and represents Moody’s first data center ABS.
The proceeds will be used to refinance previous loans put in place to construct DataBank’s ATL4, IAD3, and LGA3 facilities and to fund development of additional data center capacity across the its U.S. platform. All three data centers were constructed and leased almost entirely to hyperscale cloud and emerging hyperscale providers, signaling DataBank’s unique profile as a multi-tenant data center operator capable of supporting both a large base of 2500+ enterprise customers as well as hyperscale customers via its flexible, award-winning Universal Data Hall Design.
The new trust was developed to attract a new pool of investors and was heavily oversubscribed with 38 unique investors indicating strong support for DataBank’s strategic plans.
“This financing reflects DataBank’s unique ability to support both hyperscale and enterprise customers,” said Kevin Ooley, DataBank’s President & CFO. “It also signals the value and stability of our portfolio’s earnings, our ability to execute profitably across that entire portfolio, and the strong endorsement of investors.”
Today’s announcement follows four previous securitizations: a $456M Green Bond financing in February 2024, $715M of notes issued in March of 2023, $330M of notes issued in October of 2021, and $658M of notes issued in March of 2021 (the first ever securitization for a multi-tenant, enterprise data center provider). The company also completed a $2.2 billion recapitalization led by SwissLife Asset Management in 2022, a $2.0B equity financing in October 2024 led by Australian Super, and a $725M credit facility to support construction activities.
Today, DataBank operates the largest portfolio of data centers in the U.S. with 65+ data centers and 20 major interconnect locations in 25+ metro markets.
S&P Global Ratings and Moody’s Ratings provided an initial rating for the $975 million secured Class A-2 Notes of A- and A3 rated, respectively. S&P rated the $92M Class B Notes BBB-. Deutsche Bank Securities acted as Sole Structuring and as a Joint Active Bookrunning Manager. Guggenheim Securities and TD Securities acted as Joint Active Bookrunning Managers in the transaction as well.
