Why it matters
The strategic read
Shows AI and internet infrastructure demand converting into large construction debt for metro-adjacent capacity, not just equity raises or abstract campus announcements. DataBank says the financing accelerates delivery by roughly 18 months and funds leased 60 MW-class buildings at a planned eight-data-center campus near Dallas fiber and power infrastructure.
Source-supported terms
What was disclosed
- 01
DataBank announced a $2.0B loan for construction of the first three data centers on its new Red Oak, Texas campus.
- 02
The facilities, DFW9, DFW10 and DFW11, have already been leased and will total 600,000 square feet of data-center space and 180 MW of power.
- 03
The loan is DataBank’s largest construction financing to date and funds the first three of eight planned data centers at the campus.
- 04
DataBank said the financing, together with existing power commitments, accelerates construction and delivery timelines by approximately 18 months.
- 05
The financing fits within DataBank’s Green Financing Framework, with PUE, water-conservation and carbon-emissions criteria tied to its carbon-neutrality target.
- 06
MUFG Bank acted as Administrative Agent, Coordinating Lead Arranger and Sole Bookrunner, with additional digital infrastructure banks and institutional lenders supporting the transaction.
Disclosure boundary
What is known—and what is not
Primary company announcement; lender role and project scope are public, but full credit agreement, customer identity, lease terms, pricing, draw schedule, covenants, construction contracts, power agreements and delivery milestones are not public.