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About Databank

Databank is a financial advisory firm that offers corporate finance, brokerage, fund management, and research services to local and foreign individuals, multinational companies, pension trusts, and institutional investors. It is based in Accra, Ghana.

Headquarters Location

61 Barnes Road Adabraka Accra Private Mail Bag, Ministries Post Office





Latest Databank News

DataBank: Edge Colocation And Interconnection Company Raises $456 Million

Feb 19, 2024

DataBank – a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services – announced that it has issued $456 million of secured notes that represent its fourth securitization since 2021 and first green financing, bringing the total securitized portfolio to $2.16 billion of investment grade bonds. All of the proceeds will be used to refinance a previous bridge loan to purchase four data centers in the Houston market from CyrusOne in 2022 and fund the development of additional data center capacity across the DataBank platform. This securitization was heavily oversubscribed and included several repeat investors and nine new investors, indicating strong support for DataBank’s strategic plans. The refinanced facilities met specific sustainability criteria for water conservation, carbon emissions reduction, and low Power Usage Effectiveness (PUE) to qualify as a green bond. These projects and the others underway across DataBank’s portfolio contribute to its carbon-neutral goal by 2030. These announcements follow three previous securitizations: $658 million of notes issued in March of 2021 (the first ever securitization for a multi-tenant, enterprise data center provider), $330 million of notes issued in October of 2021, and another $715 million of notes issued in March of 2023. The company also completed a $2.2 billion recapitalization led by SwissLife Asset Management in 2022. Today, DataBank operates the largest portfolio of data centers in the U.S. with 65+ data centers and 20 major interconnect locations in 27+ metro markets. Kroll Bond Rating Agency provided an initial rating of the $456 million secured notes, which were A- A-rated. And Deutsche Bank Securities acted as Sole Structuring and as a Joint Active Bookrunning Manager. Guggenheim Securities and TD Securities served as Joint Active Bookrunning Managers in the transaction also. KEY QUOTES: “This financing reflects not only DataBank’s commitment to sustainability and efficiency, but also the tremendous growth opportunity ahead of us, and the value and stability of our portfolio’s earnings. It signals the strong endorsement of investors in our strategy, footprint, and ability to execute profitably across that entire portfolio.” Kevin Ooley, DataBank’s President & CFO

Databank Frequently Asked Questions (FAQ)

  • Where is Databank's headquarters?

    Databank's headquarters is located at 61 Barnes Road Adabraka, Accra.

  • What is Databank's latest funding round?

    Databank's latest funding round is Other Investors.

  • Who are the investors of Databank?

    Investors of Databank include Pan African Capital Group.

  • Who are Databank's competitors?

    Competitors of Databank include Ndovu and 4 more.


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