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Stock impact report

DataBank raises $2bn to construct first three Red Oak data centres [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
The financing arrangement marks the company's largest construction loan to date and will fund facilities already leased and scheduled to provide a combined 600,000ft ² of space with 180MW of power. The Red Oak campus is planned to include a total of eight data centres. The first three, designated DFW9, DFW10 and DFW11, represent the initial phase covered by the loan. The funding operates within DataBank's Green Financing Framework, which requires compliance with power usage efficiency, water conservation and carbon emissions reduction criteria. DataBank has set a target to be carbon neutral by 2030. MUFG Bank acted as administrative agent, coordinating lead arranger and sole bookrunner for the transaction. Other major digital infrastructure banks and institutional investors participated in providing capital. DataBank president and CFO Kevin Ooley said: “This financing, combined with existing power commitments, accelerates DataBank's construction and delivery timelines for t Show less Read more
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