FinSMEs covered DataBank’s $456 million secured notes issuance, marking the company’s fourth securitization since 2021 and first green financing transaction. The raise brings DataBank’s total securitized portfolio to $2.16 billion in investment-grade bonds, with participation from repeat investors and nine new investors.
The proceeds will refinance a bridge loan used to acquire four Houston data centers from CyrusOne in 2022 and fund development of additional capacity across the platform. The green financing structure aligns with DataBank’s environmental commitments as the company expands its infrastructure footprint.
DataBank’s previous securitizations include $658 million in March 2021, representing the first-ever securitization for a multi-tenant enterprise data center provider, followed by $330 million in October 2021 and $715 million in March 2023. The company also completed a $2.2 billion recapitalization led by Swiss Life Asset Management in 2022.
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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 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 completes migration of four Houston data centers, adding more than 300,000 square feet of raised-floor data center capacity and 42.5 megawatts of power to its data center and interconnect platform.
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