DataBank Secures $1.45 Billion to Fuel Texas Expansion

The $800 million revolving credit facility, maturing in 2031, provides the company with liquidity for general corporate needs and ongoing acquisition efforts. A syndicate led by Citizens Bank, N.A., along with major institutions including Citibank and Wells Fargo, arranged the credit line. This influx of capital arrives as the firm looks to maintain its aggressive growth trajectory in the enterprise colocation market.

Simultaneously, the firm upsized its Red Oak campus financing by $650 million, bringing the total project allocation to $2.65 billion. This funding supports the construction of a fourth facility, adding 60 megawatts of IT capacity. By integrating $400 million in bank financing with $250 million in private placement notes, DataBank is positioning itself to scale rapidly for hyperscale and cloud clients. CEO Raul K. Martynek noted that the move reinforces the confidence lenders hold in the company's long-term operational model, while CFO Kevin Ooley emphasized that the flexible capital structure is critical to meeting the escalating requirements of the artificial intelligence era.