DataBank has secured further financing to fuel its data center build-out.
The company this week announced the successful closing of two financing transactions totaling $1.45 billion: an $800 million corporate revolving credit facility and a $650m upsize of its existing construction financing for its Red Oak, Texas data center campus.
– DataBank
“This new revolving credit facility strengthens our financial flexibility and reflects the confidence our lending partners have in DataBank’s business model and long-term growth trajectory,” said Raul Martynek, DataBank CEO.
Maturing in 2021, the revolving credit facility will be used for general corporate purposes, including working capital needs, capital expenditures, and liquidity support for the company’s growth and acquisition strategy.
