DataBank $800 million corporate revolving credit facility

Davis Polk advised DataBank on a $800 million corporate revolving credit facility. The financing included a letter of credit sublimit in the amount of $200 million and a swing line sublimit in the amount of $10 million. The credit documentation builds in additional flexibility that allows DataBank to raise incremental loans of up to $200 million, increasing the aggregate commitments to $1 billion.

DataBank is a leading provider of enterprise-class data center, cloud and interconnection services. Its infrastructure platform consists of 65+ data centers located within 100 miles of more than 60% of the U.S. population, 20 major interconnect hubs, and “high performance computing-ready” data centers designed to accommodate computing nodes with the most demanding air- and water-cooling requirements.

The Davis Polk finance team included partner David J. Penna, counsel Kailash Gupta and associates Zachary Wells and Phoebe Lyons. Counsel Dustin Plotnick and associates Sophia Kwende and Hunter P. Shaw provided tax advice. Counsel Sarah E. Kim and associates Rebecca Sattaur and Motunrayo Bamgbose-Martins provided 1940 Act advice. Counsel Will Schisa provided sanctions advice. Members of the Davis Polk team are based in the Washington DC and New York offices.