DataBank launches $725m credit facility to support expansion plans
Fundraising - APRIL 10, 2024

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DataBank launches $725m credit facility to support expansion plans

by Kali Persall

DataBank has established a new $725 million credit facility to support the next phase of its expansion and to finance ongoing and future data center construction projects.

The new capital will fund expansion projects in existing markets, including on its campuses in New York, Denver, Minneapolis, Salt Lake City and Dallas. The facility is supported by a group of 14 digital infrastructure banks.

This represents DataBank’s second green financing, following on the heels of the $456 million green bond announced in February. To qualify as a green loan, according to DataBank, the facilities being financed have to meet specific sustainability criteria for water conservation, carbon emissions reduction and a low power usage effectiveness (PUE). These projects, as well as others under way across DataBank’s portfolio, are all contributing to its goal of being carbon neutral

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