DataBank Deal Expands Funding Options for Colocation, Edge Computing
The exterior of the DataBank SLC5 data center on the comp[any's Granite Point campus in Bluffdale, Utah. (Image: DataBank)
A recent financing by DataBank breaks new ground in funding data center growth, and may help colocation and edge computing companies raise money using strategies previously limited to huge hyperscale deals.
DataBank raised $658 million through the sale of secured notes, a strategy that allows companies to borrow funds at a lower rate using pools of assets and cash flow as collateral. Previous secured notes have been backed by wholesale data...
