DataBank, a US-based data centre developer and operator, has secured a $2bn loan to support the construction of the first three data centres on its new campus in Red Oak, Texas.
The financing arrangement marks the company鈥檚 largest construction loan to date and will fund facilities already leased and scheduled to provide a combined 600,000ft虏聽of space with 180MW聽of power.聽
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The Red Oak campus is planned to include a total of eight data centres.
The first three, designated DFW9, DFW10 and DFW11, represent the聽initial聽phase covered by the loan.聽聽
The聽funding聽operates聽within聽DataBank鈥檚聽Green Financing Framework, which requires compliance with power usage efficiency, water conservation and carbon emissions reduction criteria.聽DataBank聽has set a target to be carbon neutral by 2030.聽
MUFG Bank acted as聽administrative agent, coordinating lead arranger and sole bookrunner聽for the transaction. Other major digital infrastructure banks and institutional investors聽participated聽in providing capital.聽聽
DataBank president and CFO Kevin Ooley said: 鈥淭his financing, combined with existing power commitments, accelerates DataBank鈥檚 construction and delivery timelines for this campus by approximately 18 months.
鈥淚t 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 AI infrastructure.鈥澛�
The latest construction financing comes after聽DataBank聽extended a $1.6bn聽credit facility聽in October last year聽to support聽the聽development of over 100MW聽of capacity across key data centre markets, including Northern Virginia, Dallas, Denver, Minneapolis and Salt Lake City.聽聽
In September 2025,聽DataBank聽also聽finalised a $1.1bn聽hyperscale securitisation to refinance loans used for constructing its ATL4, IAD3 and LGA3 facilities, and to finance the development of further data centre capacity throughout its US operations.聽
Combined, these financing activities bring DataBank鈥檚 total funding secured in the past year to $4.7bn.
