DataBank Secures $2 Billion to Accelerate Build-Out of Red Oak AI Data Center Campus

New updates have been reported about DataBank.

DataBank has obtained a $2.0 billion construction loan to fund the first three data centers on its new Red Oak, Texas campus, marking the largest construction financing in the company’s history. The facilities, designated DFW9, DFW10, and DFW11, are already fully leased and will provide a combined 600,000 square feet of space and 180 megawatts of power, aimed at supporting high‑demand internet and AI infrastructure.

The financing falls under DataBank’s Green Financing Framework, requiring the new data centers to meet defined Power Usage Effectiveness targets and water and carbon reduction metrics, supporting the company’s goal of reaching carbon neutrality by 2030. President and CFO Kevin Ooley said the loan, together with existing power commitments, accelerates the Red Oak campus delivery schedule by roughly 18 months and further entrenches Dallas as a core market for the company’s AI‑ready infrastructure.

This transaction follows a $1.6 billion credit facility expansion and extension and a $1.1 billion hyperscale securitization, bringing DataBank’s total capital raised over the past year to $4.7 billion. The latest financing strengthens the balance sheet capacity needed to scale an 8‑facility campus at Red Oak while locking in capital to serve pre‑committed customers, which reduces leasing risk and improves revenue visibility on the new assets.

MUFG Bank, Ltd. acted as Administrative Agent, Coordinating Lead Arranger, and Sole Bookrunner, supported by a syndicate of digital‑infrastructure‑focused banks and institutional lenders, signaling strong credit market confidence in DataBank’s growth strategy. Legal advice on the transaction was provided by Davis Polk.

Strategically, the Red Oak investment expands DataBank’s already sizable U.S. footprint of more than 70 high‑performance computing‑ready data centers across over 25 markets and underscores its push to capture AI‑driven and hyperscale demand. By pairing long‑term, green‑linked financing with contracted capacity and accelerated timelines, the company is positioning itself to convert its development pipeline quickly into revenue‑producing, sustainability‑aligned assets.