Enable Your Hybrid IT Strategy with an Ecosystem of Solutions. Watch the video.

DataBank Upsizes Credit Facility Through $25 Million Add-On Term Loan

DataBank Upsizes Credit Facility Through $25 Million Add-On Term Loan

Moody’s and S&P Reaffirm DataBank’s Corporate Family Rating

Dallas, TX – August 30, 2018 – DataBank Ltd., a leading provider of business solutions for data center, cloud, connectivity, and managed services, today announced the placement of an additional $25 million upsize to its existing senior secured first-lien Term Loan B.  The incremental Term Loan increases the total size of DataBank’s credit facility to $435 million.  Both Moody’s and S&P Global Ratings announced no change to their Corporate Family Rating (CFR) and stable outlook for DataBank as a result of the incremental placement in their reports released August 14, 2018.  DataBank plans to use the additional financing to further its data center development activities, pay down borrowings under its revolving credit facility, which strengthens liquidity and its overall credit position.

In addition, the Moody’s report “reflects Moody’s view that DataBank will continue to produce strong revenue and EBITDA growth while aggressively growing the business.”

“We are appreciative of the support from our lender group in allowing us to increase the size of our credit facility,” states Kevin Ooley, President and CFO of DataBank. “We look forward to continuing to invest in building out our data center capacity to meet the demand from new and existing customers.”

SunTrust Robinson Humphrey acted as administrative agent and lead arranger.

Operating 15 purpose-built data centers in 8 markets, DataBank offers a full suite of infrastructure solutions including colocation, compliant cloud hosting, security, and network services. To learn more about DataBank, please visit Follow DataBank on Twitter and LinkedIn.

# # #

About DataBank

DataBank enables the world’s largest enterprises, technology, and content providers to consistently deploy and manage their infrastructure, applications, and data on the right platform, at the right time, in the right place.

Our colocation and edge infrastructure footprint consists of 65+ data centers and 20 interconnection hubs in 27+ markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform 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 limitless digital future for their business.

To learn more, Follow us on LinkedIn or Subscribe to our YouTube channel. To tour a facility, visit DataBank or call 1(800) 840-7533.

Media Contacts

For Media Inquiries:

SourceCode Communications


DataBank Contact:

JP Laqueur
Senior VP, Marketing

Discover the DataBank Difference

Discover the DataBank Difference

Explore the eight critical factors that define our Data Center Evolved approach and set us apart from other providers.
Download Now
Get Started

Get Started

Discover the DataBank Difference today:
Hybrid infrastructure solutions with boundless edge reach and a human touch.