Colocation provider DataBank will issue $658 million of secured notes. The new securitization notes will refinance DataBank's existing credit facility. This securitization and refinancing of previous loans adds more than $200M in liquidity to DataBank's balance sheet, providing funding for gen...
Country: United States
Region: North America
Short Code: DFW-1
Total Power: 28.8 Megawatts
Ownership: DataBank does not own the building.
DataBank's 400 South Akard is a 7 story building built in 1921 for the U.S. Federal Reserve Bank of Dallas. In 2000 the building was renovated as a datacenter, taking advantage of security features from its use as a banking facility.