In a move to bolster new data center capacity, DataBank announced it will issue $330 million of secured notes in its second securitization offering this year. The notes will be available for investment in facilities and campuses in key markets including, Salt Lake City, Denver, Ashburn and New York.
Providing additional capital and liquidity to DataBank’s balance sheet, the issuance of secure notes rounds out a robust expansion strategy for the company, which also includes data center build-outs in key markets and land purchases.
“This securitization reflects the success of our strategy to develop the largest geographic footprint of multi-tenant, enterprise-grade, edge colocation data centers in the U.S. Previously, only hyperscale data center providers attracted this kind of investor interest, but it’s clear that our strategy to deliver capacity in a wide range of Tier I and Tier II markets to a diverse set of customers is gaining strong backing from institutional investors.” – Kevin Ooley, DataBank’s President & CFO
“The strong reception we received on this financing reflects DataBank’s momentum and leadership in the rapidly evolving edge infrastructure landscape. This securitization was oversubscribed with participation from 26 unique investors, demonstrating the quality of DataBank’s underlying business and the important role it plays in our digital infrastructure portfolio.” – Tom Yanagi, Managing Director of DigitalBridge, DataBank’s lead investor
The company’s first securitization offering totaling $658 million was released in March 2021 and was the first-ever securitization for a multi-tenant, enterprise data center provider.
As the leading-edge colocation and interconnect platform, DataBank has 60+ data centers in 29 metro markets and 20 major interconnect locations. For more information, please visit www.databank.com. Follow DataBank on LinkedIn and Twitter.