In this episode of The Data Center Frontier Show, DCF Editor in Chief Matt Vincent speaks with Kevin Ooley, CFO of DataBank, about how the operator is structuring capital to support disciplined growth amid accelerating AI and enterprise demand.

Ooley explains the rationale behind DataBank’s expansion of its development credit facility from $725 million to $1.6 billion, describing it as a strong signal of lender confidence in data centers as long-duration, mission-critical real estate assets.

Central to that strategy is DataBank’s “Devco facility,” a pooled, revolving financing vehicle designed to support multiple projects at different stages of development; from land and site work through construction, leasing, and commissioning.

The conversation explores how DataBank translates capital into concrete expansion across priority U.S. markets, including Northern Virginia, Dallas, and Atlanta, with nearly 20 projects underway through 2025 and 2026. Ooley details how recent deployments, including fully pre-leased capacity, feed a development pipeline supported by both debt and roughly $2 billion in equity raised in late 2024.

Vincent and Ooley also dig into how DataBank balances rapid growth with prudent leverage, managing interest-rate volatility through hedging and refinancing stabilized assets into fixed-rate securitizations.

In the AI era, Ooley emphasizes DataBank’s focus on “NFL cities,” serving enterprise and hyperscale customers that need proximity, reliability, and scale while Databank delivers power, buildings, and uptime, and customers source their own GPUs.

The episode closes with a look at Databank’s long-term sponsorship by DigitalBridge, its deep banking relationships, and the market signals—pricing, absorption, and customer demand—that will ultimately dictate the pace of growth.