InfraCompute / Deals
DataBank Issuer 2024-1
Data centre ABS for DataBank, US$456m, 30 January 2024.
Key terms
- Borrower or issuer
- DataBank
- Date
- 30 January 2024
- Structure
- Data centre ABS
- Amount
- US$456m
- Pricing
- 5.30%Class coupons from SEC Form N-PORT fund holding reports
- Tenor
- Legal final Jan 2054 (SEC N-PORT)
Recorded terms
- Lender type
- Bonds and securitisationsStructure: securitisation
- Tenor
- Legal final Jan 2054 (SEC N-PORT)
- Security
- KBRA: The Notes are secured by 35 data centres. This includes fee simple ownership interests in 18 (62.3% of net operating income) multi-customer enterprise data centres located in the Salt Lake City, Dallas, Houston, Denver, Kansas City, Atlanta, Pittsburgh and Irvine markets; leasehold interests in 15 (32.7% of net operating income) multi-customer enterprise data centres located in the Chicago, Dallas, Houston, Minneapolis, Indianapolis, Pittsburgh, Irvine, Las Vegas, Cleveland, Los Angeles, Salt Lake City and San Diego markets; leasehold interests in one (2.1% of net operating income) multi-custo
- Lenders and arrangers
- Banks named in accountants report (initial purchasers / arrangers): Deutsche Bank Securities Inc.
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from DataBank
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Form ABS-15G Ex 99.1 (agreed-upon procedures / due diligence report) | 30 January 2024 | – | – |
In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.
For counsel on this deal
Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- DataBank Issuer 2024-1Source date: 30 January 2024
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
