Apr 22, 2026 | Posted by Abdul-Rahman Oladimeji
US data center firm DataBank has secured new financing to support the build-out of three data centers in Dallas, Texas. The company this week announced it has obtained a $2 billion loan to fund construction of the first three facilities at its new Red Oak campus. DataBank said the deal represents its largest construction financing to date.
The loan will fund construction of the first three of eight planned data centers on the campus. The initial facilities—DFW9, DFW10, and DFW11—have already been leased and will provide a combined 600,000 sq ft (55,741 sqm) of data center space and 180MW of capacity.
"This financing, combined with existing power commitments, accelerates DataBank's construction and delivery timelines for this campus by approximately 18 months," said Kevin Ooley, DataBank's president and CFO. "It ensures our customer will be able to bring critical capacity to market on time and further solidifies Dallas as a core metro for Internet and AI infrastructure."
The loan was issued under DataBank’s Green Financing Framework, which requires the facilities to meet specific Power Usage Effectiveness (PUE) targets, as well as criteria for water conservation and carbon emissions reduction. Founded in 2005, DataBank operates more than 65 data centers across 25 metro markets in the US.
