DataBank adds $350m financing to US edge data centre expansion

Data Centre

DataBank Inc., a connectivity and cloud provider, has secured $350 million in financing for an expansion of its US data centre infrastructure.

The financing, led by TD Securities, includes a 5-year loan of $175 million as well as a delayed loan of $125 million and $50 million in revolving credit.

The $350 million package comes weeks after the Dallas, Texas-based company announced a $715 million financing on 1 March.  

DataBank will use the new funds to...

DataBank expands US edge infrastructure in £590m data centre deal

Data centre

DataBank, a connectivity and managed services provider, has closed its acquisition of four existing Houston, TX area data centres from CyrusOne for $670 million (£590m). The transaction makes Houston the 28th metro market in DataBank's US portfolio, expanding what is already the largest edge infrastructure footprint in the country.

The four Houston facilities collectively add more than 300,000 square feet of raised-floor data centre capacity, and 42.5 megawatts of power,...