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DataBank introduced this week that it has raised capital totalling USD 533 million, combining debt and fairness to help the development of recent information centres. The corporate stated the financing contains USD 188 million in fairness from present and new buyers, along with a USD 345 million building mortgage for the upcoming ATL4 facility – a single-tenant, absolutely leased information centre situated close to Atlanta.
Additionally Learn: DataBank Declares Growth of SL6 Information Heart in Utah
Present Traders and New Members
Of the fairness increase, USD 138 million got here from present buyers in a pre-emptive rights providing, whereas USD 50 million was contributed by new fairness buyers. The USD 345 million mortgage, organized by Joint Lead Arrangers and Joint Bookrunners First Residents, MUFG, and CoBank, will fund the ATL4 facility set to open in Q3 2024.
Sustainability Focus
Moreover, DataBank will safe 100% load-following renewable energy for ATL4 by means of Georgia Energy’s solar-based Renewable Vitality Certificates, aligning with the corporate’s aim of reaching net-zero carbon emissions by 2030.
“This new financing will permit us to proceed bringing necessary capability to market to fulfill extraordinarily excessive demand for information centre house and energy,” stated DataBank.
“The beneficial mortgage phrases, and the pre-emptive rights participation of present fairness buyers so quickly after our recapitalisation, mirror the continued confidence of our funding companions and their willingness to grab the expansion alternative of the AI period forward of us.”
Additionally Learn: DataBank Expands Dallas Information Heart to Meet Rising Calls for
Different Developments
DataBank revealed that this financing follows a USD 350 million credit score facility in March and USD 715 million in secured notes in April, totalling almost USD 1.6 billion in financing in 2023 alone. This comes only a yr after the USD 2.2 billion recapitalisation led by SwissLife Asset Administration.
Earlier this month, DataBank acquired 85 acres of land in Culpeper, Virginia, for a brand new 192 MW information centre campus. This announcement marks DataBank’s second within the final two weeks, following its latest acquisition of a 95-acre campus within the Atlanta market.
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