NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to DataBank Series 2021-1 Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes issued by DataBank Issuer, LLC and DataBank Co-Issuer, LLC, a data center securitization.
The Notes will be secured by fee simple ownership interests in six multi-customer enterprise data centers located in the Kansas City, Pittsburgh and Salt Lake City markets; leasehold interests in eight multi-customer enterprise data centers located in the Cleveland, Dallas, Kansas City, Minneapolis, Pittsburgh and Salt Lake City markets; and leasehold interests in one multi-customer enterprise data center that is subject to a 99-year air space lease located in Atlanta. The data centers are comprised of approximately 386,967 square feet (sf) of data center space and can provide approximately 48.7 megawatts (MW) of critical load power to customers. The portfolio is currently occupied by 804 unique customers operating pursuant to 2,985 individual contracts.
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