Telecom Ramblings covered DataBank’s $456 million green financing raise through secured notes, representing the company’s fourth such securitization in three years. The financing will refinance the bridge loan used to acquire four Houston data centers from CyrusOne in 2022 and fund new development projects.
DataBank structured the raise as secured notes in the green financing market, aligning with the company’s environmental commitments. The dual-purpose financing addresses both past acquisition debt and future growth needs, providing capital flexibility as the company scales its national footprint.
The refinancing eliminates bridge loan obligations from the 2022 CyrusOne acquisition while freeing capital for development initiatives. DataBank’s repeated use of securitization demonstrates the company’s established track record in capital markets and investor confidence in its growth strategy.
Green financing structures support DataBank’s sustainability objectives alongside expansion goals, combining environmental responsibility with business growth priorities.
See the full coverage at Telecom Ramblings.
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DataBank Raises $456 Million in Fourth Securitization of the Past Three Years. This financing represents first green financing and supports its goal of being carbon neutral by 2030.
DataBank’s equity raise led by investment from AustralianSuper will fund the build-out of more than 850MW of data center capacity to meet accelerated demand for enterprise, cloud, and A.I. workloads.
DataBank's track-record of revenue growth follows geographic expansion and multiple investment rounds that position the company to capitalize on the A.I. era ahead.
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