DataBank obtains $725 million senior secured revolving credit facility to finance development of data centers

Client(s) DataBank Holdings, Ltd.

Jones Day represented DataBank Holdings, Ltd. in connection with a $725 million senior secured revolving credit facility to finance existing and future data center construction projects. DataBank will use the proceeds of the new credit facility in accordance with Green Loan Principles for the acquisition and development of data center assets across the United States. The credit facility was initially secured by four data center assets in Colorado, Minnesota, Utah, and New York, with additional development assets expected to be added to the collateral pool on an ongoing basis.