DataBank Secures $1.6 Billion Expanded Credit Facility to Accelerate Data Center Expansion
DataBank has more than doubled its credit facility to $1.6 billion, according to company reports. The expanded financing will reportedly accelerate data center development across multiple major markets to meet growing enterprise and AI demand.
Major Financing Expansion for Data Center Growth
DataBank has reportedly secured a significant expansion of its credit facility, more than doubling its available capital to fuel aggressive data center development, according to recent company announcements. Sources indicate the digital infrastructure provider has increased its existing $725 million credit facility to $1.6 billion, representing one of the larger finance transactions in the data center sector this year.