Data Center News

EdgeConneX Increases the Size of Its Israeli Data Centers

The construction of a new facility in Rishon will allow EdgeConneX, an innovator in global Hyperlocal to Hyperscale Data Center Solutions, to increase its data center impact in Israel. The new data center will meet the region's growing demand from hyperscalers, cloud service providers, and bus...

April 25, 2023

EdgeConneX

DataBank to expand one of its Seattle, Washington facilities

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...

April 18, 2023

DataBank

DataBank Obtains Credit Facility of $325 Million

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 ...

April 07, 2023

DataBank

EdgeConneX secures $3.3 Billion in sustainability-linked financing

EdgeConneX has announced that it has successfully executed $3.3 billion in “innovative” sustainability-linked financing, which it said will enable the development of critical digital infrastructure to support customers' global data center requirements. For this, JGlobal awarded the company wi...

March 29, 2023

EdgeConneX

DataBank Secures $715m For Data Center Development

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 D...

February 23, 2023

DataBank

Verizon signs four new PPAs

Verizon has announced that it has signed four new power purchase agreements (PPAs) for renewable energy, an aggregate of up to 410 MW of renewable energy capacity. According to the company, these new deals align with its broader goal to source or generate renewable energy equivalent to 50 per...

January 17, 2023

Verizon Enterprise

EdgeConnex plans another data center in Miami, Florida

EdgeConnex is reportedly planning a third data center in Miami, Florida, after acquiring a 6.250-acre plot of land. According to a report by BizJournal, this facility will be a two-story data center and located on the southwest corner of Northwest 106th Street and Northwest 112th Avenue.A pre...

January 12, 2023

EdgeConneX

Adani, EdgeConneX JV AdaniConneX begin operations at hyperscale data center in Chennai

AdaniConneX, the joint venture between EdgeConneX and Adani Enterprises, has launched its first data center in Chennai, Chennai 1 Data Center. Its first phase will reportedly offer 17MW and 33MW of IT load at full build-out.“The wait is over! We proudly announce that our state-of-the-art Chenn...

November 09, 2022

AdaniConneX Chennai 1

Lumen To Sell its EMEA Operation to Colt For $1.8 Billion

Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal...

November 07, 2022

Lumen Technologies

DataBank launches Salt Lake City data center

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...

October 27, 2022

DataBank

IMCO Pumps $450 million in 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...

October 24, 2022

DataBank

EdgeConneX secures $150 Million in Sustainability-linked Financing for its Latin America expansion

EdgeConneX has reportedly secured $150 million in sustainability-linked financing for its expansion in Latin America. This follows the company obtaining a series of sustainability-linked financings earlier in 2022 totaling $1.7 Billion.The loan facility promotes EdgeConneX's sustainability ob...

October 18, 2022

EdgeConneX

EdgeConneX announces expansion plans in the Philippines

EdgeConneX has announced a partnership with Aboitiz, a local firm in the Philippines, alongside its plans to build two data centers around Manila; one near the National Capital Region of Manila and the second in the Greater Manila Area.Speaking about the partnership, Sabin Aboitiz, President,...

October 07, 2022

EdgeConneX

Sustainable financing for EdgeConneX

EdgeConneX has announced that it has secured $1.7 billion in sustainability-linked debt financing, including the company's first-ever Asset-Backed Securitization (ABS) and multi-currency term loan (ESG Term Loan). The company will reportedly use this to finance its growth and keep up with eve...

June 23, 2022

EdgeConneX

DataBank To Develop a 40MW Data Center at Newly Acquired Property

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. ...

May 18, 2022

DataBank

DataBank Is Expanding its SNA2 Facility

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 meter...

April 20, 2022

DataBank

DataBank is Expanding SAN1 Data Center To Meet Demands

DataBank has announced that it is expanding its SAN1 facility in San Diego, California. The data center is located at 12270 World Trade Drive. DataBank will be adding 3,700 square meters (40,000 square feet) of raised floor space to the facility. By so doing, SAN1 will have a total capacity of...

March 22, 2022

DataBank San Diego SAN1

DataBank is Expanding its Las Vegas Data Center

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...

March 10, 2022

DataBank

DataBank Acquires Four CyrusOne Data Centers For $670M

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 acquisit...

March 03, 2022

DataBank

EdgeConneX Acquires Indonesia's GTN

EdgeConneX has acquired Graha Teknologi Nusantara (GTN). By so doing, it has taken over a data center in eastern Jakarta, Indonesia. The company did not reveal the details of the transaction. GTN was launched in 2016, and it currently operates a 5MW data center that can be expanded to 80MW ...

February 18, 2022

EdgeConneX

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