DataBank has secured further financing to fuel its data center build-out.

The company this week announced the successful closing of two financing transactions totaling $1.45 billion: an $800 million corporate revolving credit facility and a $650m upsize of its existing construction financing for its Red Oak, Texas data center campus.

“This new revolving credit facility strengthens our financial flexibility and reflects the confidence our lending partners have in DataBank’s business model and long-term growth trajectory,” said Raul Martynek, DataBank CEO.

Maturing in 2021, the revolving credit facility will be used for general corporate purposes, including working capital needs, capital expenditures, and liquidity support for the company’s growth and acquisition strategy.

The facility was arranged by a syndicate of banks led by Citizens Bank, N.A., along with Joint Lead Arrangers Citibank, MUFG Bank, Ltd., PNC Bank, N.A. TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bank, N.A., and Wells Fargo Securities.

The financing for its Red Oak campus upsizes its existing $2bn financing for the project. It will supports construction of the fourth building on the campus, adding 60MW of IT capacity.

The upsize consists of $400m in bank financing, led by the same institutions as the April 2026 announcement, and $250m of notes placed in a private placement, which is DataBank’s first private placement transaction.

MUFG served as Lead Placement Agent, with TD Securities (USA) LLC and Barclays as Joint Placement Agents, and Citibank, Citizens Bank, N.A., and National Bank of Canada as Co-Placement Agents.

Founded in 2005, DataBank operates more than 65 data centers across the US in 25 metro markets.

Davis Polk & Wardwell LLP served as legal counsel to DataBank on both transactions.