DALLAS, April 21, 2026 – DataBank, a prominent provider of enterprise-class colocation, interconnection, and managed cloud services, has announced the successful securing of $2.0 billion in construction financing. This loan will fund the development of the first three data centers at the company's new campus in Red Oak, Texas, situated in South Dallas.
This financing deal marks the largest construction loan in DataBank's history. The funding will support the build-out of three facilities, designated as DFW9, DFW10, and DFW11, which are part of a broader plan for eight total data centers on the campus. Combined, the initial three data centers will span 600,000 square feet and deliver 180 megawatts of power. According to DataBank, all three facilities have already been fully leased.
The loan aligns with DataBank's Green Financing Framework, a set of standards aimed at minimizing environmental impact. The framework ensures that the data centers meet stringent Power Usage Effectiveness (PUE) metrics, as well as guidelines for water conservation and reduction of carbon emissions. These measures contribute to the company's broader goal of achieving carbon neutrality by 2030.
"This financing, combined with existing power commitments, accelerates DataBank’s construction and delivery timelines for this campus by approximately 18 months", said Kevin Ooley, President and CFO of DataBank. "It ensures our customer will be able to bring critical capacity to market on time and further solidifies Dallas as a core metro for Internet and A.I. infrastructure."
This $2.0 billion financing adds to a series of major financial milestones for DataBank over the past year. Recently, the company announced a $1.6 billion credit facility expansion and extension, as well as a $1.1 billion hyperscale securitization. These developments bring the total financing secured by DataBank in the last 12 months to an impressive $4.7 billion.
MUFG Bank, Ltd. served as the Administrative Agent, Coordinating Lead Arranger, and Sole Bookrunner for the $2.0 billion transaction, while a consortium of leading digital infrastructure banks and institutional lenders participated. Legal advisory services for the deal were provided by Davis Polk.
DataBank, recognized by Deloitte and Inc. 5000 as one of the fastest-growing private companies in the United States, operates more than 70 HPC-ready data centers across 25 markets. The company offers enterprises and technology providers a robust platform for colocation, interconnection, and managed services, along with a commitment to 100% uptime availability.
With this latest milestone, DataBank continues to position itself as a key player in supporting the infrastructure needs of the artificial intelligence era.
