Data Center Dynamics covered DataBank’s $456 million green financing round, marking the company’s fourth securitization since 2021 and bringing its total securitized portfolio to $2.16 billion in investment-grade bonds. The financing includes participation from nine new investors alongside existing backers.
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. To qualify as a green bond, the refinanced facilities met specific sustainability criteria for water conservation, carbon emissions reduction, and low Power Usage Effectiveness.
“This financing reflects not only DataBank’s commitment to sustainability and efficiency, but also the tremendous growth opportunity ahead of us, and the value and stability of our portfolio’s earnings.”
— Kevin Ooley, President & CFO of DataBank
DataBank operates more than 65 facilities across North America plus a UK site in Feltham, Middlesex. Previous securitizations include $658 million in March 2021, $330 million in October 2021, and $715 million in March 2023. The company raised $533 million in October 2023 to meet AI application capacity demands.
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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 accelerates its growth with a strategic $456M securitization, expanding our leadership in data center innovation and infrastructure.
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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