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SELECTED TRANSACTION DETAILS
TD Securities Agents $725MM Credit Facility for DataBank
Thursday, April 11, 2024

Lenders/Participants TD Securities [Administrative Agent, Joint Lead Arranger, Joint Bookrunner]
Citizens Bank [Joint Lead Arranger, Joint Bookrunner]
CoBank [Joint Lead Arranger, Joint Bookrunner]
Deutsche Bank [Joint Lead Arranger, Joint Bookrunner]
First Citizens Bank [Joint Lead Arranger, Joint Bookrunner]
Societe Generale [Joint Lead Arranger, Joint Bookrunner]
JPMorgan Chase Bank [Joint Lead Arranger]
Nomura Securities [Joint Lead Arranger]
RBC Capital Markets [Joint Lead Arranger]
Regions Bank [Joint Lead Arranger]
Bank of America [Borrowing Base Agent]
Goldman Sachs [Co-Documentation Agent]
Structure Credit Facility
Amount $725.000 Million
Borrower(s) DataBank
Description The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas. The facility is supported by a strong bank group of 14 leading digital infrastructure banks including TD Securities engaged as the Administrative Agent and Joint Lead Arranger. The financing provides an attractively priced source of capital that is a long-term and scalable solution to meet accelerating demand for capacity within DataBank's footprint. This also will represent DataBank's second green financing, following closely on the heels of the February 2024 Green Bond. In order to qualify as a green loan, the facilities being financed will meet specific sustainability criteria for water conservation, carbon emissions reduction, and a low Power Usage Effectiveness (PUE). These projects, as well as others underway across DataBank's portfolio, are all contributing to its goal of being carbon neutral by 2030.
Industry Technology
Location TX
Related Tags Bank of America, Cadence Bank, Citizens Bank, CoBank, DataBank, Goldman Sachs, JP Morgan, Nomura Securities, RBC Capital Markets, Regions Bank, Société Générale, TD Securites




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Deal Tables 2024