DataBank introduced this week that it has raised capital totalling USD 533 million, combining debt and fairness to strengthen the development of latest knowledge centres. The corporate mentioned the financing comprises USD 188 million in fairness from present and new buyers, along with a USD 345 million building mortgage for the impending ATL4 facility – a single-tenant, absolutely leased knowledge centre situated close to Atlanta.
Additionally Learn: DataBank Proclaims Enlargement of SL6 Knowledge Heart in Utah
Present Buyers and New Individuals
Of the fairness elevate, USD 138 million got here from present buyers in a pre-emptive rights providing, whilst USD 50 million was once contributed by means of new fairness buyers. The USD 345 million mortgage, organized by means of Joint Lead Arrangers and Joint Bookrunners First Voters, MUFG, and CoBank, will fund the ATL4 facility set to open in Q3 2024.
Sustainability Focal point
Moreover, DataBank will protected one hundred pc load-following renewable energy for ATL4 via Georgia Energy’s solar-based Renewable Power Certificate, aligning with the corporate’s objective of attaining net-zero carbon emissions by means of 2030.
“This new financing will let us proceed bringing necessary capability to marketplace to satisfy extraordinarily prime call for for knowledge centre house and gear,” mentioned DataBank.
“The beneficial mortgage phrases, and the pre-emptive rights participation of present fairness buyers so quickly after our recapitalisation, replicate the continued self assurance of our funding companions and their willingness to clutch the expansion alternative of the AI generation forward folks.”
Additionally Learn: DataBank Expands Dallas Knowledge Heart to Meet Rising Calls for
Different Tendencies
DataBank published that this financing follows a USD 350 million credit score facility in March and USD 715 million in secured notes in April, totalling just about USD 1.6 billion in financing in 2023 by myself. This comes only a yr after the USD 2.2 billion recapitalisation led by means of SwissLife Asset Control.
Previous this month, DataBank got 85 acres of land in Culpeper, Virginia, for a brand new 192 MW knowledge centre campus. This announcement marks DataBank’s 2d within the remaining two weeks, following its fresh acquisition of a 95-acre campus within the Atlanta marketplace.
