DataBank, a Dallas, TX-based provider of enterprise-class edge colocation, interconnection, and managed cloud services, received a $350M Credit Facility.
The financing was provided by TD Securities. It included $175M term loan, $125M delayed draw facility, and a $50M revolving credit line).
The company intends to use the funds for general working capital and capex expenditures related to its deployment data center capacity at its campuses in Salt Lake City, Denver, Atlanta, and New York.
DataBank enables enterprises, technology, and content providers to deploy and manage their infrastructure, applications, and data on the right platform. Its colocation and edge infrastructure footprint consists of 65+ data centers and 20 interconnection hubs in 27+ markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform with virtually unlimited reach. The company combines these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give its customers confidence in their IT infrastructure.
FinSMEs
07/04/2023