DataBank, a Dallas, TX-based supplier of enterprise-class edge colocation, interconnection, and managed cloud providers, issued $456m of secured notes.
These symbolize its fourth securitization since 2021, and first inexperienced financing, bringing the whole securitized portfolio to $2.16 billion of funding grade bonds.
A hundred percent of the proceeds can be used to refinance a earlier bridge mortgage put in place to buy 4 knowledge facilities within the Houston market from CyrusOne in 2022 and to fund growth of extra knowledge middle capability throughout the DataBank platform. The securitization included quite a few repeat traders in addition to 9 new traders.
At present’s announcement follows three earlier securitizations:
- $658M of notes points in March of 2021 (the primary ever securitization for a multi-tenant, enterprise knowledge middle supplier),
- $330M of notes issued in October of 2021, and
- $715M of notes issued in March of 2023.
The corporate additionally accomplished a $2.2 billion recapitalization led by SwissLife Asset Administration in 2022. At present, DataBank operates the biggest portfolio of information facilities within the U.S. with 65+ knowledge facilities and 20 main interconnect areas in 27+ metro markets. Its edge colocation and infrastructure footprint consists of 65+ “HPC-ready” knowledge facilities in 27+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud suppliers with nearly limitless attain.
FinSMEs
16/02/2024
