Jun 28, 2023 | Posted by Abdul-Rahman Oladimeji
DataBank's development of the MC13 data center in Lenexa, Kansas, is complete. The company has added 17,000 square feet and 1.8 MW of IT capacity to its MC13 data center, bringing the total build-out to 42,000 square feet and 4.6 MW. In October 2021, DataBank first announced intentions to expand the data center. The facility's expansion was divided between Data Halls 2 and 3, with 9,300 square feet in Data Hall 2 and 8,050 square feet in Data Hall 3.
MC13, also known as KC3, was announced for the first time in 2018 and lies at 11200 Lakeview Avenue in Lenexa. The company has another campus in Kansas City, the Pine Ridge Data Center, which has a capacity of 2 MW and spans 11,510 square feet. Following the 2021 issuance of over $750 million in secured revenue notes, DataBank initiated a series of expansions. In 2023, the company recommenced fundraising efforts for future developments.
To continue expanding its footprint, the company sought $715 million in asset-backed securities in February of this year. Since 2021, this was the company's third bond offering. Two months later, DataBank obtained an additional $325 million. TD Securities lead the facility and consists of a $175 million, five-year Term Loan, a $125 million Delayed Draw Term Loan, and a $50 million revolving credit line. In May, DataBank began construction on a new 40MW data center in Atlanta, Georgia, and concluded the expansion of SAN1 by adding 40,000 square feet to the facility.
