DataBank Completes $1.092 Billion Secured Data Center Revenue Notes Issuance
The Firm represented special-purpose subsidiaries of DataBank Holdings Ltd. in connection with an offering of $1.092 billion of aggregate principal amount of Secured Data Center Revenue Notes, consisting of up to $25 million of aggregate principal amount of Series 2025-1 Class A-1-V Secured Data Center Revenue Variable Funding Notes, $975 million of aggregate principal amount of Series 2025-1 Class A-2 Secured Data Center Revenue Term Notes and $92 million of aggregate principal amount of Series 2025-1 Class B Secured Data Center Revenue Term Notes. This is DataBank’s second data center securitization program and constitutes a collateral pool separate from its prior issuances.
DataBank provides highly scalable, flexible and customizable hyperscale and enterprise data center solutions, including interconnect and low-latency edge platforms as well as colocation, network and connectivity services in support of hyperscale technology companies, enterprise technology companies, network and cloud service providers and other internet and media companies.
The Simpson Thacher team included John Schueller, Kate Draper, Barry Lau, Ryan Surujnath, Kiley Short and Leandra Kede Yomo (Capital Markets); Richard Hanson (London); Jonathan Cantor, Kris Liu and Heesang Yeo (Tax); Jeanne Annarumma and Pasco J. Struhs (ERISA); Dennis Loiacono, Timothy Gallagher, Helene Marie Snyder and Daniel Knapp (Real Estate); Jonathan Pall (Collateral); and Michael Isby (Environmental).