November 29, 2023 DataBank
DataBank has raised $533 million of capital to build new data centers through debt and equity. This brings the total funds raised by the company this year to $1.6 billion, with $715 million of secured notes issued in February and a $350 million credit facility announced later in March. DataBank...
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November 16, 2023 DataBank
DataBank announced it has acquired 85 acres of land in Culpeper, Virginia, to construct a new data center campus, which will host up to three two-story data centers offering 1.4 million square feet of space. The new facility will use DataBank’s recently announced Universal Data Hall Design...
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November 01, 2023 DataBank
US colocation provider DataBank recently purchased 95 acres of land near Lithia Springs within a mile of the 18 acres where it is already building its ATL4 facility in Atlanta, Georgia. The newly acquired parcel can accommodate two multi-story data centers totaling 1 million gross square feet. It...
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September 22, 2023 DataBank
DigitalBridge Group recently revealed the completion of DataBank's recapitalization. The Group announced that DigitalBridge received an additional funding of $219 million, bringing the total costs of the recapitalization to $2.2 billion. This completed recapitalization will bring about a...
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August 21, 2023 DataBank
DataBank has finished seven expansion initiatives throughout the United States. Over the weekend, the company announced the conclusion of seven data center projects in Dallas, Las Vegas, San Diego, Irvine, and Kansas City, in addition to two in Atlanta. In the past year, seven facilities have...
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June 01, 2023 Pittsburgh
A data center for sale or lease is available in Pittsburgh, Pennsylvania. Colliers and Five 9s Digital are offering the McKees Rock facility located at 615 McMichael Road. The site is listed for lease in Colliers' materials, but Five 9s claims it can be purchased or leased. The circa...
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May 04, 2023 DataBank
DataBank has begun constructing a new data center in Atlanta, Georgia, and has completed an expansion in San Diego, California. The US-based business announced the start of construction on its ATL4 data center in Atlanta last week. The colocation facility, located at 200 Selig Drive, will include...
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April 18, 2023 DataBank
DataBank has announced it is expanding one of its Seattle, Washington facilities. The company plans to increase the floor space to 27,900 square feet (2,590 sqm) and up the available critical IT power to 3MW. “We decided to expand our footprint in the Seattle area based on how fast its digital...
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April 07, 2023 DataBank
To help support its development aspirations, US colocation provider DataBank has obtained a new $325 million credit line. The facility, led by TD Securities, consists of a $50 million conventional credit line, a $125 million deferred draw term loan, and a $175 million five-year term loan. The...
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February 23, 2023 DataBank
DataBank is collecting $715 million on the market for asset-backed securities (ABS) to develop its data center infrastructure. Kroll Bond Rating Agency has disclosed in a pre-sale report information on the financing. The deal's issuer and co-issuer are represented by DataBank Issuer, LLC and...
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October 27, 2022 DataBank
DataBank has announced the opening of its latest Salt Lake City data center, SLC6. According to the company, the facility was built to meet the growing demand for increased capacity and mission-critical IT infrastructure.“We are pleased to open this new facility, providing additional capacity to...
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October 24, 2022 DataBank
The Investment Management Corporation of Ontario (IMCO) will invest around US$450m in DataBank. The Canadian firm signed an agreement to invest the funds as part of DataBank’s recapitalization process. DataBank is expected to close the deal in Q4 2022. The Chief Investment Officer of IMCO,...
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May 18, 2022 DataBank
DataBank has announced the acquisition of an existing data center and 18-acre land in Atlanta, Georgia. The property acquired is located at 200 Selig Drive, Atlanta. Although the company did not reveal the transaction terms, CoStar reports that DataBank paid $10.9 million for the property. The...
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May 18, 2022 Pittsburgh
iM Critical has begun constructing a modular Edge data center campus in Pittsburgh, Pennsylvania. The data center campus will have three buildings when fully built out. It will also include EV charging stations and on-site solar power. iM Critical says the data center will support more than 35kW...
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April 27, 2022 Pittsburgh
iM Critical has announced its plans to develop a modular data center campus in Pittsburgh, Pennsylvania. The campus will be developed on a 5.4-acre site. In addition, it will provide 10MW in capacity. According to the company, the first phase of development will offer 3MW, and it will come online...
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April 20, 2022 DataBank
DataBank has announced that it is expanding its SNA2 data center in Irvine, California. The expansion will see the company add 4MW of critical power and 24,000 square feet (2,200 square meters) of raised floor space. The facility currently offers 4MW of critical power and 3,100 square meters...
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March 10, 2022 DataBank
DataBank has announced that it will be expanding its LAS1 data center in Las Vegas, Nevada. The facility is located at 7185 Pollock Drive. DataBank will add 929 square meters (10,000 square feet) of data center space to the facility. Upon completion of the expansion, the data center’s total space...
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March 03, 2022 DataBank
DataBank has announced that it has completed and closed the acquisition of four data centers from CyrusOne. The data centers are all located in Houston, Texas. The deal was also worth $670 million. DataBank sees over 300,000 square feet of raised-floor data center capacity through the...
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February 04, 2022 DataBank
DataBank has announced the acquisition of a data center it was leasing in Denver, Colorado. The company plans to develop a new data center campus at the DEN2 facility. The data center is located at 6900 South Peoria Street, Colorado. DataBank did not reveal the details of the transaction....
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February 02, 2022 DataBank
DataBank has announced the creation of its Centennial Campus by purchasing following the purchase of the data center it leased in the Centennial municipality in Colorado. This purchase will enable the company to expand onto the adjacent plot, which will be home to its DEN5 data center. Speaking...
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